EFG Eurobank Ergasias S.A. (EFG) has agreed to sell 70 percent of its stake in Polbank EFG (Pol-bank) to Raiffeisen Bank International AG (RBI). A cross-border team of CMS in Warsaw, London and Vienna advised EFG on this transaction. The closing of the EUR 490 m deal is expected for late 2011, following regulatory examinations by EU, Greek and Polish authorities.
17/02/2011
EFG Eurobank Ergasias S.A. (EFG) has agreed to sell 70 percent of its stake in Polbank EFG (Pol-bank) to Raiffeisen Bank International AG (RBI). A cross-border team of CMS in Warsaw, London and Vienna advised EFG on this transaction. The closing of the EUR 490 m deal is expected for late 2011, following regulatory examinations by EU, Greek and Polish authorities.