ATHENS, Dec 22 (Reuters) - Greece's third-largest lender
Eurobank EURBr.AT has agreed to sell an 80 percent stake in
its insurance arm Eurolife ERB to Canada's Fairfax Financial
Holdings FFH.TO for 316 million euros ($344.7 million US
dollar) in cash, it said on Tuesday.
The deal, part of Eurobank's restructuring plan, is in line
with the bank's strategy to gradually exit from non-banking
operations and focus on core banking.
Fairfax owns 17 percent of the Greek lender after taking
part in its recapitalisation last month.
(1 US dollar = 0.9168 euro)