ATHENS, Greece (AP) — Greece's Alpha Bank says it has made an offer to French lender Credit Agricole to buy its Greek subsidiary, Emporiki Bank.
A statement from Alpha Bank Tuesday said it had made an offer to buy all the shares in Emporiki but gave no further details.
Greek banks are under pressure to merge to cope with the country's financial crisis.
On Friday, the government said it would sell the healthy parts of state-run ATEBank to Piraeus Bank in a deal Piraeus said will cost it €95 million ($116.3 million). The government will hold onto ATEBank's soured investments.
Earlier this year, Alpha Bank and Greece's Eurobank called off merger talks.
An Unserious Candidate for an Unserious Country | RedState
The Koran’s Contents—Not Carbon Dating—Cast More Doubt on Islam’s Origins | Human Events
Michelle Malkin - Joe Biden's Yuck Factor
Lawrence Meyers - Uber’s Death by A Thousand Cuts
Concealed Carrier Shoots Armed Robber In Detroit... Again. Still. - Bearing Arms - Detroit, Guns Saving Lives, Michigan
Must see: "Hell's Club"
'Gut wrenching': Deputy Goforth's son wears superhero shirt to funeral he planned to wear with his dad