GREECE: EBRD buys 15% interest in insurer European Reliance

23 May 2016 —
The European Bank for Reconstruction and Development (EBRD) has purchased a 15% stake in the Greek insurance firm European Reliance.

The stake is part of the 28.7% previously held by Piraeus Bank, which was divested as part of the bank's plans to divest non-core assets.

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