Talks are in full swing between the Piraeus Bank management and CVC for the acquisition of Ethniki Insurance.

According to latest reports, the acquisition helps Piraeus Bank’s goal of boosting commissions by 30%, reaching the high commission levels of mainly Italian banks Intesa and Sao Paolo. The acquisition of Iolkos is working in the same direction.

According to information about whether to buy the full share of the company, that is, the share of the National Bank in it, everything seems to be part of the negotiations which will affect the price and is not known in advance.

Besides, the deal is ongoing and not closed. X. Megalou will go to London where he will have a meeting with CVC.