Tag Archive | "ATEbank"

EU clears state aid to former ATEbank

The European Commission on Friday approved the liquidation aid given to Greece’s ATEbank, whose healthy assets were sold to Piraeus Bank in July 2012, with the rest to be wound down. While three measures taken by Greece, such as a 7.471 billion-euro injec… … Full News here – Latest News

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10/6/2012: Business: Atebank sells Dodoni to British-led consortium

London-based firm Strategic Initiatives UK LLP is the new owner of the Dodoni, the dairy company’s previous owner, Agricultural Bank (ATEbank), announced yesterday. ATEbank confirmed the signing of the contract for the sale of its controlling stake in… Full News here – Kathimerini English

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9/22/2012: Business: Atebank determined to sell Hellenic Sugar

Agricultural Bank of Greece SA, known as ATEBank, said yesterday that an international tender for the sale of its 82 percent stake in Hellenic Sugar Co SA was unsuccessful. The lender, which was taken over by Piraeus Bank SA in July, said in an Athens… Full News here – Kathimerini English

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ATEbank determined to sell Hellenic Sugar

Agricultural Bank of Greece SA, known as ATEBank, said on Friday that an international tender for the sale of its 82 percent stake in Hellenic Sugar Co SA was unsuccessful. The lender, which was taken over by Piraeus Bank SA in July, said in an Athens bou… … Full News here – Latest News

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ATEBank takeover spurs merger spree

In one of the speediest consolidations in the Greek banking sector, the fourth largest bank, Piraeus Bank, completed as of July 30, the 95m euro takeover of the healthy part of the state-owned Agricultural Bank of Greece (ATEBank). The deal, announced by the central bank on July 27, paves the way for a spate of […]

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Tsipras rejects ATEbank merger

Opposition leader Alexis Tsipras said on Tuesday his party would annul the transfer of ATEbank’s healthy assets to Piraeus Bank if it came into power. "The merger of ATEbank with Piraeus Bank is temporary and Syriza commits itself to annul it, in case it assumes the country’s governance," Tsipras told supporters in the northern city […]

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Athens bourse suspends trading of ATEBank – Reuters UK

ATHENS, July 30 (Reuters) – The Athens stock exchange said on Monday it was suspending trading of ATEBank following a decision by the central bank to split the struggling lender in two. Greece’s central bank said on Friday that the fourth … Full News here – Athens – Bing News

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7/28/2012: Business: Piraeus is absorbing Atebank

Piraeus Bank is set to absorb the so-called healthy section of Agricultural Bank of Greece SA, known as ATEbank, as it was the only lender to table a binding bid for the state-owned lender, the Bank of Greece announced yesterday. As a result, it… Full News here – Kathimerini English

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Tsipras calls for parliament focus on ATEbank sale

Alexis Tsipras has called for an immediate off-the-agenda discussion in parliament, at a party leader level and before the House recesses for summer, on "the process of the recapitalisation of the banks" and particularly on the decision to separate ATEbank (Agricultural Bank of Greece) into two pieces. The Syriza leader in a letter to parliament […]

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Piraeus is absorbing ATEbank

Piraeus Bank is set to absorb the so-called healthy section of Agricultural Bank of Greece SA, known as ATEbank, as it was the only lender to table a binding bid for the state-owned lender, the Bank of Greece announced on Friday. As a result, it appears t… … Full News here – Latest News

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Syriza, KKE, demand explanations on status of ATEbank

Main opposition parties Syriza and the Communist Party of Greece (KKE) called on the government to state its intentions with regard to ATEbank (Agricultural Bank) on Thursday. Eleven Syriza MPs signed a letter to the parliament president, asking for the immediate convening of parliament’s standing committee on economic affairs, in order to be briefed by […]

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Greece to sell ailing ATEbank, official says

Greece has ended months of uncertainty over cash-strapped lender ATEbank by deciding to sell the state-controlled bank, a finance ministry official told Reuters on Wednesday. The government owns a 70 percent stake in ATEbank and the country’s internationa… … Full News here – Latest News

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Greece's Piraeus interested in ATEbank deal

Greece's Piraeus interested in ATEbank deal ATHENS (Reuters) – Greece's fourth-largest lender Piraeus Bank said it was interested in cash-strapped rival ATEbank , as the country's battered banking sector moves to consolidate. Full News here – Read more on Reuters

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Piraeus bank looks at ATEbank deal

Piraeus Bank said it was interested in cash-strapped rival ATEbank, as the country’s banking sector moves to consolidate to weather a debilitating debt crisis. Piraeus is the first bank to confirm it is a potential suitor for state-controlled ATEbank, which is also expected to garner interest from other major lenders including National Bank and Eurobank. […]

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