ATHENS, June 14 (Reuters) - Eurobank, Greece’s third-largest lender, said on Friday that its Bulgarian subsidiary Postbank had concluded the acquisition of Piraeus Bank’s Bulgarian unit after obtaining regulatory approvals.
* The acquisition boosts Postbank’s share in Bulgaria’s banking market to more than 10%, ranking it third in terms of total loans, Eurobank said.
* Piraeus Bank said it sold its 99.98% holding in Piraeus Bank Bulgaria for 75 million euros ($85 million). The transaction is capital accretive for the group, strengthening its core equity tier-1 capital ratio by 22 basis points.
* Mediobanca advised Piraeus on the sale. ($1 = 0.8862 euros) (Reporting by George Georgiopoulos; Editing by Susan Fenton)