National Bank of Greece (NBG) to Sell Preferred Shares to State -Reuters

December 13, 2011 12:18 PM EST
Shares of National Bank of Greece (NYSE: NBG) are ticking very slightly lower over the last few minutes of trade as Reuters is reporting the bank will sell preferred shares to the state in order to raise as much as €1 billion.

The stock last traded at $1.99, down 1.5 percent from Monday's closing price.


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