Bloomberg News

Greece’s Alpha Bank to Buy Credit Agricole Unit, Imerisia Says

July 31, 2012

Greece’s Alpha Bank AE (ALPHA) is close to an agreement to buy Emporiki Bank SA, Credit Agricole SA (ACA)’s Greek unit, Imerisia reported, without citing anyone.

Paramount Services Holding Ltd. of Qatar will participate in the new entity and Credit Agricole will retain a stake, the newspaper said.

To contact the reporter on this story: Tom Stoukas in Athens at astoukas@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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