Greek PM Backs Foreign Investment in Banks, Welcomes UniCredit Deal

Prime Minister Kyriakos Mitsotakis has expressed enactment for overseas concern successful the Greek banking sector, welcoming the caller determination by Italy’s UniCredit SpA to summation its involvement successful Alpha Bank.

"I spot worth if a overseas purchaser shows involvement successful a Greek company," Mr. Mitsotakis said successful an interrogation with Bloomberg connected Friday, adding that helium supports pan-European banking deals successful principle.

The connection comes arsenic Greece leads a propulsion to instrumentality its bailed-out banks to afloat backstage ownership. 

UniCredit precocious accrued its involvement successful Alpha Bank to astir 26%, a holding worthy astir €2.1 billion.

The determination has besides been praised by Bank of Greece Governor Yiannis Stournaras, who told Bloomberg earlier this period that helium is "in favour of cross-border transactions." 

Mr. Stournaras said that the government, the cardinal bank, and nationalist sentiment person each adopted a "very, precise pro-European approach" to the banking sector.