Commercial Bank of Greece to sell stakes in Armenian and Georgian un

[Kamalian Hagop]

Commercial Bank of Greece to sell stakes in Armenian and Georgian units

AFX Europe (Focus)
Sep 28, 2004

ATHENS (AFX) - Commercial Bank of Greece (Emporiki Bank) announced
today it plans to sell the majority stakes it owns in the subsidiaries
in Emporiki Bank Armenia and Emporiki Bank-Georgia.

According to a source, Emporiki Bank has already found bidders.

Emporiki currently owns a 76.52 pct stake in Emporiki Bank Armenia
and a 75 pct stake in Emporiki Bank-Georgia.

Source: Euro2day NewsWire

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