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05 August, 1999
The Latsis-owned EFG Bank Group said yesterday that it had acquired a 50.1 percent stake in Ergobank following the completion of its offer to the target bank's shareholders.
The offer to shareholders was made through Consolidated Eurofinance Holdings (CEH), the parent of EFG Eurobank, which is destined to merge with Ergobank under the terms of the deal.
Source: Athens News Agency
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