![Greek regulator approves prospectus for Piraeus Bank stake sale](https://i-invdn-com.investing.com/trkd-images/LYNXNPEK2208C_L.jpg)
© Reuters. A person walks previous a Piraeus Financial institution department in Athens, Greece, January 17, 2022. REUTERS/Louiza Vradi/File Photograph
ATHENS (Reuters) – Greece’s capital markets fee has accredited the prospectus for the sale of shares in Piraeus Financial institution owned by the nation’s financial institution bailout fund HFSF, it stated on Sunday.
The securities regulator stated the shares will probably be bought by way of a public providing in Greece. It didn’t give the scale of the stake the Hellenic Monetary Stability Fund (HFSF) would promote within the financial institution.
Two sources near the method have instructed Reuters that the HFSF was prone to promote its complete 27% stake within the financial institution in early March.