Articles by Sotiris Nikas and Jan-Henrik Förster

Private Equity Firm CVC Nears Deal to Buy Insurance Arm of National Bank of Greece

CVC Capital Partners is nearing a deal to acquire National Bank of Greece SA’s insurance business after a years-long search for a buyer, people familiar with the matter said. The private equity firm could announce an agreement as soon as …

National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources

National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any lingering hopes of a successful auction, according to people familiar with the matter. In addition to the market rout, bids …

Eight Crew Members Kidnapped from Greek Tanker Anchored Near Cameroon

Five Greeks, two Filipinos and a Ukrainian were abducted by unidentified assailants from the Greek-flagged tanker ‘Happy Lady’ while the vessel was anchored two nautical miles from Limboh port in Cameroon. The attack on the 28 crew-member ship took place …

Greek Wildfires Claim at Least 74 Lives in Worst Blazes Since 2007

Greek firefighters say that at least 74 people were killed in wildfires in the country’s Attica region, which includes Athens, as a summer heatwave has increased the risk of blazes across Europe. The fires struck two coastal resorts popular with …

China’s Fosun Still Interested in Acquiring Greek Insurer if Winning Bid Collapses

Fosun International Ltd came up short in its bid to buy National Bank of Greece SA’s insurance unit, but the Chinese conglomerate is still willing to swoop in if the winning bid collapses, albeit at a different price this time. …

Greece Aims to Attract U.K. Shipowners, Insurers & Brokers Seeking Brexit HQs

The Greek government wants to persuade shipowners and shipping-insurance companies based in London to move their European Union headquarters to Greece as the U.K. prepares to exit the bloc. “We’re in contact with five large ship-insurance brokers who are considering …