
Piraeus in Exclusive Talks with CVC to Acquire 70% of Ethniki Insurance
Piraeus CEO Christos Megalou recently stated that the acquisition of Ethniki Insurance, Greece’s second-largest insurer, would be instrumental in increasing the bank’s fee revenues to 30% from the current 20%. The deal underscores Piraeus’ strategy of diversifying income streams beyond traditional banking activities and into the growing insurance market.