The logo of Piraeus Bank is seen outside one of its branches in Bucharest
The logo of Piraeus Bank is seen outside one of its branches in Bucharest April 18, 2013. Greece's Piraeus Bank has signed a deal to sell its Romanian unit ATEbank Romania for 10.3 million euros ($13.4 million) as part of its restructuring efforts. Greece's second-largest lender said on Thursday its entire 93.3 percent stake in the bank would be bought by Dorinel Umbrarescu, who heads a Romanian group mainly involved in construction. It said the sale would take place once the majority of ATEbank Romania's assets and liabilities are spun off to Piraeus Bank Romania. The deal is subject to approval by the relevant regulatory authorities. REUTERS/Bogdan Cristel (ROMANIA - Tags: BUSINESS POLITICS LOGO)
