Sale of NBG stake proceeds

The government will dispose of approximately 10% of the 18.39% stake held by the state in the National Bank of Greece, preferring the scenario of keeping the remaining 8.39%, which is, after all, the only holding it currently has in a systemic bank. The baseline scenario, according to information, does not rule out the final percentage moving up or down around 2%, depending on demand.

The government's decision is expected to be announced on Monday during a meeting of the board of directors, which will discuss National's placement. At the meeting, the state's representative at the board of the Hellenic Financial Stability Fund is expected speak both about the government's official decision and its reasoning. This is an important step ahead of giving the green light to consultants JPMorgan to start exploring the market about the above stake. 

The process of wall...