Σύμφωνα με δημοσίευμα του insurance insider όσον αφορά την διαδικασία πώλησης της Εθνικής Ασφαλιστικής, αναφέρει πως πιο κοντά στην απόκτηση της εταιρείας βρίσκονται o κινεζικός όμιλος Fosun και το επενδυτικό σχήμα EXIN Partners, στο οποίο συμμετέχουν οι Παύλος Kανελλόπουλος, John Calamos, John Koudounis και Matt Fairfield.
Όπως συμπληρώνει στο δημοσίευμα του, η πώληση αφορά το 80% της εταιρίας και δεν υπάρχει μεγάλη διαφορά μεταξύ των δύο προσφορών καθώς η Fosun και η Exin κοστολόγησαν την αξία της Εθνικής λίγο πάνω από τα 800 εκατομμύρια ευρώ.
Διαβάστε το δημοσίευμα εδώ:
Fosun and Exin frontrunners in Ethniki process
Adam McNestrie and Matthew Neill
Acquisitive Chinese financial conglomerate Fosun and Matt Fairfield start-up Exin are the two frontrunners in the bidding for Greek state carrier Ethniki, The Insurance Insider understands.
Final bids for the Greek National Bank-owned insurer were due yesterday (3 April), sources said.
Reuters reported that Chinese bidders Gonbao and Wintime also tabled binding offers for the company, citing banking sources.
However, sources said both Fosun and Exin had made bids valuing the business at slightly more than EUR800mn ($853mn). It is possible that only around 80 percent of equity will be sold.
Banking sources suggested that there was no meaningful spread between the bids.
Exin’s cornerstone backer is Calamos Asset Management, the investment vehicle run by Greek-American billionaire John Calamos, who has strong connections in Greece.
Several sources suggested the parties are keen to close the deal quickly as the process could be derailed by the macro-environment of forthcoming major debt repayments by Greece to its international creditors in July.
The preference for a swift conclusion could prompt Ethniki to run a parallel process for the sale and purchase agreements required to close the deal – pitting two parties against each other rather than entering exclusivity.
This publication learned last November that the Greek government had launched a sale process for Ethniki, with Morgan Stanley and Goldman Sachs appointed to handle the sale.
In January it was revealed the Greek state had taken four bidders through to the second round of bidding, including Exin and Fosun.
It was previously suggested that indicative bids submitted in the week before Christmas last year valued Greece’s largest insurer at roughly EUR600mn-EUR700mn, but competition is since believed to have pushed the valuations higher.
Fosun, Exin and Ethniki could not be reached for comment at the time of publication.
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