Alpha Bank’s board has asked shareholders to cancel the merger with EFG Eurobank because of the impact of Greece’s debt restructuring on banks. Shareholders of the two banks approved the merger in November, which would have created Greece’s largest bank, reports Mediafax. However, the bond conversion that reduced Greece’s government debt by more than €100 …
Continue reading “ALPHA BANK WITHDRAWS FROM MERGER WITH EFG EUROBANK. FIND OUT WHY”