NBG stake enchants market

Demand for the 10% stake in the National Bank of Greece was covered approximately nine times on Monday, the first day that the offer book was opened, with the disposal of 91,471,515 shares out of the total of 168.2 million shares controlled by the public.

The price range was set between 7.30 and 7.95 euros per share, while the shares of National had closed on Friday at €7.84. According to information, the demand was strong and the offers submitted to the international book already exceeded the price asked.

This means that the Hellenic Financial Stability Fund can announce that the offers it will henceforth accept on the second or third day will no longer be at the lowest price range of €7.30 per share, but at an intermediate price or even at the highest price of €7.95 per share.

A similar option was qualified for the placement of NBG carried out by the HFSF in...