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Report: Eurobank looking for 'strategic partner' for Romanian unit

Eurobank Ergasias SA is looking for a "strategic partner" for its Romanian unit Bancpost SA and has appointed HSBC Holdings and Mediobanca to assist in the search, Reuters reported Jan. 23, citing a "source" at the Greek lender.

The aim is for the process to conclude within a year, the source reportedly said, without giving any further details.

Bancpost has total assets of €2.8 billion and a network of 147 branches in Romania, according to Reuters.