National Bank of Greece (“NBG”) announces the signing of a definitive agreement with AstroBank Limited for the sale of its 100% stake in National Bank of Greece (Cyprus) Ltd (the “Transaction”).
The Transaction is expected to have a positive impact on NBG’s CET1 ratio. Closing of the Transaction is subject to approval from the Central Bank of Cyprus and the Commission for the Protection of Competition in Cyprus.
Credit Suisse International is acting as exclusive financial advisor to NBG. Freshfields Bruckhaus Deringer is acting as international legal counsel and Chryssafinis & Polyviou LLC as local legal counsel to NBG.