Bracebridge Capital, LLC entered into a definitive agreement to acquire 95% stake in portfolio of non performing exposures of National Bank of Greece S.A. (ATSE:ETE) on July 29, 2022. The transaction is expected to be completed within second half of 2022, subject to required approvals. Morgan Stanley & Co. International plc acted as financial advisor and arranger of the transaction, while Clifford Chance LLP and Karatzas & Partners acted as international and local external legal counsel to National Bank of Greece, respectively.