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International press sees National Bank of Greece as favorite in CEC privatization

Joi, 14 decembrie 2006, 0:00

The National Bank of Greece (NBG) is widely considered as a favorite in the latest privatization process initiated by the Romanian state for the popular bank CEC. Forbes reads that the improved offering of NBG for 69.9% of the CEC shares would win in front of the OTP offer.

Hungarian media also informs that OPT representatives don’t have too much hope for taking over CEC.

As announced a month ago, the OTP deputy manager had already declared that OTP « wasn’t expecting a reasonable price demand from the Romanian authorities ».

As a result of the information and rumors during the past days, the NBG shares grew 1.1% on the New York Stock Exchange.

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