x

Economy

Alpha Bank Declares Davidson Kempner the Preferred Bidder for Project Galaxy

November 23, 2020

ATHENS — Alpha Bank Group on Monday announced that its Board of Directors, at a meeting on November 20, assessed the binding offers submitted in the context of the bidding process for the Galaxy NPL Securitisation Transaction and the sale of up to 100 pct of the shares of Cepal Hellas Financial Services Single Member SA – Servicing of Receivables from Loans and Credits (“Project Galaxy”) and declared Davidson Kempner European Partners LLP the preferred bidder.

In an announcement, the bank said that, together with its financial and legal advisors, it will embark on a negotiation with Davidson Kempner aiming at a finalisation of the agreement on Project Galaxy by the end of the year and, pursuant to all applicable laws and its policies, will inform investors promptly on its decisions regarding the said transaction.

RELATED

ATHENS - Amid complaints that letting rich foreigners qualify for Greek Golden Visas by buying property has dried up supplies and driven up rents and purchase prices, more investors want to take advantage of putting money in bank deposits.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

1 of 2 Abducted Louisiana Children is Found Dead in Mississippi after Their Mother is Killed

JACKSON, Miss. (AP) — A Louisiana woman was found dead in her home Thursday, and her two young daughters were abducted and found hours later in Mississippi — one dead and the other alive, police said.

Licensing your intellectual property rights (IP) to a third-party as an additional source of revenue through the commercial exploitation of your IP or for expansion purposes can be an effective strategy to grow your business and extend your reach.

Cyprus and the European Parliament weren’t ready for Fidias Panayiotou, who had no qualifications to run for a seat in the 720-member body, which made him more qualified than most of the people in there.

To the Editor: Greeks are well aware that U.

Joseph Kenworthy was a British member of parliament who disliked and distrusted prime minister David Lloyd George’s Near East foreign policy and support of the Greeks.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.