Big Greek bank merger announced

2011-08-29 22

The boards of Greece's EFG Eurobank and Alpha Bank have approved a merger deal reportedly with a 500 million euro injection of capital by the Qatar Investment Authority. They are Greece's second and third largest banks and together will form the biggest lender in southeast Europe and one of the top 25 banking groups in the euro zone. ... http://www.euronews.net/

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