The shares of National Bank of Greece and Alpha Bank are under the microscope of Greece’s Capital Markets Commission, news portal Zougla.gr reported. The screening refers to the trading of the shares in the period of time between January 18, when the administration of NBG approached the management of Alpha for the first time, and February 21, the first trading day after the temporary suspension.
when the merger offer was was announced but was rejected.
It should be noted that from the beginning of the confidential negotiations between the two bank managements until the official announcement of the NBG offer, the stock prices increased by 33% for Alpha Bank (3,78 euro on January 17 and 5.5 euro on February 21) and 18% for National Bank (6.44 euro on January 17 and 7.6 euro on February 21).
The volume of transactions on February 21 (first trading day after the temporary suspension on Feb ) was more than four times the normal trading for Alpha Bank and more than three times for National Bank.
