Pancretan Cooperative Bank, Greece’s sixth biggest lender, on Monday announced it had submitted a non-binding buyout offer for troubled digital bank Praxia.
The negotiations between the two sides are to begin following revelations of Praxia’s need for a capital injection after its sole stakeholder, Bob Diamond, decided to reduce the lender’s activity.
Kathimerini understands that the entity to stem from the merger will also include a third investor, while Diamond – who currently…
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Source: ekathimerini.com