Piraeus Bank Acquires Millenium Bank Greece

Greek lender Piraeus Bank has purchased Millennium Bank Greece (MBG), a subsidiary of Millennium BCP (BCP), following the receipt of all concerned regulatory approvals. BCP has recapitalized MBG by infusing EUR274m, apart from EUR139m already pumped by BCP into MBG in December 2012. Subsequently the total recapitalization touched EUR413m to date, which is in line with the requirements of Bank ...

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