Greek SEC approves triple merger doc

Laiki Bank Pcl announced that the Greek Capital Markets Commission has approved the public tender document submitted by Laiki Bank seeking up to 100% control of Marfin Financial Group SA and Egnatia Bank SA.

The approval comes a day ahead of the Bank’s EGM called to ratify the offer. The EGM, to be held on Tuesday 5.00pm at the International Conference Centre is widely expected to approve the proposal.