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Eurobank shareholders have accepted a buyout offer from bigger rival National Bank of Greece (ADR)(NYSE:NBG), merging the two banks together, a senior official of NBG said reports Cogo News
In October last year National Bank had made an offer to buy out Eurobank to create Greece’s biggest lender.
“More than 70 percent of Eurobank shares have accepted the share swap tender offer,” the official, who declined to be identified, told Reuters.
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