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# Greece's Piraeus Bank Agrees to Buy 90.01% of Ethniki Insurance in Bancassurance Expansion
- URL: https://www.theglobalbanker.com/greece-piraeus-bank-acquires-90-percent-ethniki-insurance-bancassurance/
- Published: 2025-03-12T14:01:00.000Z
- Updated: 2026-10-02T14:36:52.000Z
- Description: Piraeus Bank has agreed to acquire a 90.01% stake in Ethniki Insurance from CVC for EUR 600 million.
- Author: TGB Editorial Team
- Tags: M&A, Europe, #archive

Piraeus Bank has agreed to acquire a 90.01% stake in Ethniki Insurance, Greece's second-largest insurer, from CVC Capital Partners for EUR 600 million, the bank said on 12 March 2025\. 

#### BANCASSURANCE

Bancassurance is the distribution of insurance products through a bank's branch network and digital channels. Ethniki Insurance writes life, health, and property and casualty insurance.

Ethniki Insurance was formerly part of National Bank of Greece. 

The deal remained subject to regulatory approvals.