Eurobank

OpenCalais Metadata: Ticker

EFG

Eurobank in talks with Banca Transilvania to sell Romanian business

Eurobank is in talks with Banca Transilvania to sell its subsidiaries in Romania as part of a restructuring plan agreed by Greece's third largest lender with European Union authorities.

The sale would close a decade-long chapter of ambitions by Eurobank and other Greek lenders to spread their wings abroad after the country's debt crisis forced them to retreat.

ATHEX: Stock sellers are waiting in the wings

Monday was another mixed day for the Greek bourse. Stocks were split between winners and losers, the benchmark had some moderate gains but the banks' index was virtually unchanged, and mid-caps conceded some ground. The drop in turnover compared with three declining sessions last week shows that a likely return of sellers is on the way.

Pages