Crédit Agricole goes to battle for Greek Emporiki

Crédit Agricole has won approval today from Greece's Capital Markets Commission to launch a €3.1bn ($3.9bn) bid for Greek bank Emporiki, in a battle against a rival €3.8bn offer from the Bank of Cyprus.

Crédit Agricole said in a statement this afternoon it will start courting Emporiki shareholders from Tuesday with a cash proposal of €23.5 per share for 100% of the bank's stock.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump