Greece’s HFSF narrows price for National Bank share sale

Greece’s Hellenic Financial Stability Fund (HFSF) has narrowed the price range for its sale of shares in the National Bank of Greece to between €7.40 and €7.65 per share.

The fund is selling a 10 per cent stake in Greece’s second-largest bank by market value through a book-building process and a public offer, both of which conclude on Wednesday.

Strong investor demand highlighted the offering’s oversubscription by more than 11 times by late Tuesday, as sources told Reuters.

Attribution: Reuters

Subediting: M. S. Salama