Announced
EXIN Financial Services Holding B.V. acquired Ethniki Hellenic General Insurance from National Bank of Greece
Financials
Transaction Value£627m
Consideration TypeCash
Capital Owned-
Capital Bid For75%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
insurance
Full Line Insurance
Greece
Disposal
Private
Failed
Friendly
Single Bidder
Private Equity
Synopsis
National Bank of Greece S.A. entered into an agreement with EXIN Financial Services Holding B.V. to sell a 75% stake in Ethniki Hellenic General Insurance S.A. for a total consideration of €718.3m ($815m). NBG will retain a 25% stake in Ethniki.
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