Skadden Reps Alpha Bank In Greek Finance Mega-Merger

Law360, New York (August 29, 2011, 8:27 PM EDT) -- Greek stocks rose Monday after two of the country's biggest banks announced plans to merge, a move the financial giants say could help renew confidence and loosen credit as the country's economy struggles to emerge from a massive debt crisis.

The merger of Eurobank EFG and Alpha Bank will produce the largest lender in Greece and a strong player throughout the Balkans, with more than 1,300 branches in eight countries and total assets of $212 billion, according to releases from the companies.

“I am confident that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.