Alpha Bank, Eurobank and KKR reach agreement to support Greek companies
- Written by E.Tsiliopoulos
Alpha Bank, Eurobank and KKR Credit on Tuesday signed a binding agreement according to which the banks agree to assign the management of credit and equity exposures to a selected number of Greek companies into a platform managed by Pillarstone.
Subject to final Board approval, the European Bank for Reconstruction and Development (EBRD) is considering co-investing in partnership with KKR and the banks.
The platform will provide fresh long-term capital and operational expertise to large Greek corporate borrowers helping them stabilize, recover and grow for the benefit of all stakeholders. The Greek banks will share in the upside as the businesses’ performance recovers.