Greece re-tenders 51% Ionian Bank

Article Abstract:

The state-controlled Commercial Bank of Greece has appointed US firm JP Morgan as sale adviser and called a new international tender for its planned sale of a 51 percent tender in Ionian Bank. The first phase concludes with the deadline for submission of non-binding bids on Feb 8, 1999; the second phase will be held among participants in the first phase and will include submission of binding bids with a minimum 30 percent stake. EFG Eurobank/Ergobank/Deutche Bank, Piraeus bank/Xiosbank and Alpha Credit Bank are widely expected to fight over Ionian, which owns 222 branches in Greece and two abroad along with many subsidiary operations.

Greece, Government domestic functions, Investment advice, Investment Advisory Services, Usage, Financial services industry, Financial services, Services, Investments, Investment advisers, J.P. Morgan and Company Inc., JPM, Commercial Bank of Greece S.A., Ionian Bank

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Credit Foncier de France sold at last

Article Abstract:

This article discusses the privatization of Credit Foncier de France. The French government sold the mortgage bank to Caisses d'Epargne, a savings bank.

Acquisitions & mergers, France, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Mortgage banks, Credit Foncier de France S.A., Caisses d'Espargne

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Austria Tabak delayed

Article Abstract:

A second offering of Austria Tabak appears unlikely for 1999.

Austria, Oesterreichische Postsparkasse, Austria Tabakwerke AG

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