4,500 families are depleted in an aggressive hedge fund

The Board of Directors of the National Insurance Employees Association criticizes the management of the National Bank and the government for the agreement for the sale of National Insurance.

“Without shame, the Government, the Bank of Greece and the National Bank agreed to sell the story instead of 234 million euros for 90% of the Company -as we know- and in another five years another 125 million, as long as given that contracts for loss of life with hospital coverage are still established budgetary limits. So, in the best case, 359 million. “Selling 4,500 families to an aggressive hedge fund, which will suck the company and in 5 to 7 years the will resell, according to its own announcements, “says the relevant statement.

“The investment fund CVC Partners already owns almost 35% of the market share in the General Clinics and almost 30% of the market share in the Obstetrics – Gynecology Clinics, since the Health group includes Leto and Mother “, it is marked. among other things, in the ad. And he added: “Really, what will happen in the near future with increases in life and health insurance premiums? How high will it determine them, when you are both a buyer and a provider of health services?

The Board of Directors of the National Bank agreed to sell a company with more than 1,200 million euros of capital, more than 3,700 million of invested capital, the majority in Greece, more than 500 million of liquidity and more than 80 million “The profitability of this year, with its capital adequacy fully covered even without temporary measures, and the total profitability of Social Security in the last seven years far exceeds 500 million euros ”.

Read also: National Insurance Changes Ownership: A Journey Back In Time That Began in 1891