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Greek ATEbank To Sell Romanian Unit Via Public Tender

Greece’s ATEbank will launch an open public tender to sell its 93.27% stake in ATEbank Romania, as part of a wider restructuring program, the Greek lender said in a statement Thursday.

Florentina Dragu · 15 decembrie 2011 · 1 min de citit

ATEbank hired the Greek subsidiary of consultancy firm Deloitte as exclusive advisor for the procedure.

The Greek lender expects non-binding offers from investors until January 16, 2012, while the winner will be selected after a two-phased procedure, ATEbank said.

“The main objectives of the procedure are to achieve the selection of the most suitable investor and the completion of a successful transaction within a short period of time and with the least possible disturbance to the operations, personnel and customer base of ATEbank Romania,” the statement noted.

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