Clifford Chance (CC) and Skadden Arps Slate Meagher & Flom have advised on a Greek banking merger which has seen Alpha Bank acquire Emporiki Bank from Credit Agricole for a token price of €1 (80p).
October 11, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Clifford Chance (CC) and Skadden Arps Slate Meagher & Flom have advised on a Greek banking merger which has seen Alpha Bank acquire Emporiki Bank from Credit Agricole for a token price of €1 (80p).
The deal will see Alpha – Greece’s second-largest commercial bank – purchase all of Credit Agricole’s share capital in the Athens-based Emporiki, after the French bank recapitalised €2.3bn (£1.9bn) into the loss-making Greek lender.
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