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.
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