Greek ATEbank To Sell Romanian Unit Via Public Tender

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.