March 14, 2012 / 8:43 AM / in 6 years

Greece's Alpha Bank to ask shareholders to scrap Eurobank merger plan

ATHENS, March 14 (Reuters) - Greece’s Alpha Bank plans to convene a shareholders meeting to pull out of a planned merger with Eurobank because of the impact of Greece’s bond swap deal on the banks, the lender said in a bourse filing on Wednesday.

On Nov.15, the shareholders of both banks had approved the merger of the two lenders to set up the country’s largest bank.

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