Greece's Eurobank looking to sell a stake in Bancpost - sources
Greek lender Eurobank is looking for a strategic partner to buy a stake in its fully-owned Romanian unit Bancpost as it tries to reduce its exposure to non-Greek assets, sources at the bank told Reuters on Friday. Eurobank, which has operations in Romania, Bulgaria, Serbia and Cyprus, needs to deleverage its non-Greek assets by 2018 to 8.7 billion euros (7 billion pounds) from about 11.2 billion currently, based on commitments agreed with European competition authorities. "We have appointed two
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