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American-Dutch consortium to acquire 75% stake in Greek insurer

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The board of National Bank of Greece S.A. approved the sale of a majority stake in its subsidiary The Ethniki, Hellenic General Insurance Co. S.A. to American-Dutch consortium Calamos-EXIN, Reuters reported citing sources. Dutch investment management firm Exin Holding B.V. and U.S.-based asset management firm Calamos Investments L.L.C. are bidding for at least a 75% stake in the insurer.

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