Reuters: Chinese interest in National Bank of Greece's insurance subsidiary

Monday, 12 February 2018 13:10
UPD:13:13
INTIME NEWS/ΜΠΑΛΤΑΣ ΚΩΣΤΑΣ

The news agency added that the Chinese investor will partner with another company, which it did not name.

Another major Chinese investment in Greece appeared on the horizon this week, as Rongfeng Ηolding Group, is reportedly interested in acquiring a 75-percent stake in National Bank's insurance subsidiary, Ethniki Asfalistiki, according to a Reuters dispatch.

The news agency added that the Chinese investor will partner with another company, which it did not name.

A previous agreement to sell a majority stake of the insurance provider to the Netherlands-based Exin collapsed when Calamos Family Partners filed a lawsuit against Exin Financial Services, one of the two parties in the Exin investment scheme. Calamos Partners has demanded 41 million euros in a lawsuit filed in a US federal court.

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