Piraeus Bank acquisition TT and ATE

The Chairman of Piraeus Bank has confirmed the rumors that circulated in the morning for proposed acquisition of 33% of TT and 77% of Rural Bank, namely the rates keeping in control of the state.

The price for the purchase of these rates will increase to 701 million.
Upon agreement of the Government, which will benefit the shareholders of the three banks, their customers, but the economic climate "to escape the misery."
The role will seek to play Piraeus Bank "green" development and agriculture, as well as to expand the services of a single regimen for small and medium enterprises.
Participation of Rural Bank (Dodona Greek Sugar Industry SEKAP) saying that the proposal has been submitted, no provision allocated to these companies in cooperative organizations if they wish and building long-term licensing contracts with the sole obligation of cooperatives the excellent preservation of buildings and equipment to continue the operation of these companies seamlessly to local communities.
Note that by order of the Stock Exchange was suspended from morning trading of shares of three banks because of speculation, recently-even today-as the Prime Minister and Finance Minister urged the Greek banks to merge.