Alpha Bank [ATHEX:ALPHA] is seeking a strategic partner to establish a joint venture in the Greek real estate market, it said. The intended transaction will be carried out through the bank's listed real estate arm Alpha Astika Akinita SA, in which the potential partner will take a controlling interest, the lender said in a press release said July 30, 2021. The process of establishing the joint venture company is scheduled to be launched in early September and complete in the first half of 2022.

The selection of the preferred partner is set to take place by the end of 2021.