Credit Agricole, the French bank giant which ended its commercial presence in Greece around three years ago when it sold Emporiki Bank to Alpha Bank, is returning to Greece, this time as a major shareholder in Alpha Bank.
Alpha Bank, in an announcement, said Credit Agricole now owns 9.75 pct of Alpha Bank’s shares through an affiliate insurance company, thus becoming the largest institutional shareholder in the Athens-based bank and one of the largest institutional shareholders among Greek banks, following completion of their recapitalization.
(Source: ANA-MPA)
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