Canada's Fairfax Holdings Interested in Nat. Bank's Recap. Process

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The National Bank on Wednesday confirmed that Fairfax Holdings, a Canadian holdings company, is apparently interested in participating in the bank's forthcoming share capital increase plan. In a statement, following a question by the Capital Market Commission, the National Bank said that in the framework of a recapitalization process of all Greek systemic banks it was examining alternative possibilities.

Fairfax Holdings has expressed interest in participation in the recapitalization process of the expanded National Bank Group, the statement noted.

Fairfax Holdings was founded in 1985 and is based in Toronto, Canada. Its activities aim at acquiring equity participation in companies seeking high returns and building long-term relations. National Bank is currently in an operational merger process with Eurobank. (AMNA)