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Greek regulator approves prospectus for Piraeus Bank stake sale

Reuters
·1-min read
A man walks past a Piraeus Bank branch in Athens

ATHENS (Reuters) - Greece's capital markets commission has approved the prospectus for the sale of shares in Piraeus Bank owned by the country's bank bailout fund HFSF, it said on Sunday.

The securities regulator said the shares will be sold via a public offering in Greece. It did not give the size of the stake the Hellenic Financial Stability Fund (HFSF) would sell in the bank.

Two sources close to the process have told Reuters that the HFSF was likely to sell its entire 27% stake in the bank in early March.

(Reporting by Angeliki Koutantou; Editing by Jane Merriman)