November 7, 2018 / 4:29 PM / 11 days ago

Eurobank says to acquire Piraeus Bank Bulgaria

People line up outside a Eurobank branch in Athens, Greece July 8, 2015. REUTERS/Alkis Konstantinidis

ATHENS (Reuters) - Greece’s Eurobank EFGr.AT said on Wednesday it had agreed to acquire Piraeus Bank Bulgaria for 75 million euros.

The completion of the transaction was subject to regulatory and supervisory approvals, the bank said, while the conclusion of the transaction was expected to take place during the first quarter next year.

Reporting by Lefteris Papadimas and Michele Kambas

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