State to sell new NBG stake

The government is aiming to allocate 10% of the total 18.39% still controlled by the Hellenic Financial Stability Fund (HFSF), so as to keep the remaining 8% for disposal to any interested strategic investor, sources have told Kathimerini. They add that the public offering for the 10% stake is expected in the first week of October.

The relevant decisions are expected to be finalized by mid-September, in order to start the preparation procedures for the placement, which will be a combined offer in Greece and abroad. A similar procedure was followed last year during the disposal of 22%, providing the opportunity to participate in the public offering in Greece and to private investors.

Based on that timetable, the process should start right away, so that the placement takes place at the beginning of October, which is the time window that intervenes before the...