ATHENS, Nov 13 Reuters Greece on Monday announced plans to sell a 20 stake in National Bank of Greece NBG after concluding the sale of a 9 stake in Alpha Bank to UniCredit as it looks to divest from the country39;s lenders.

The shares in NBG , Greece39;s second largest bank by market value, will be sold via a public offering and a private placement from Nov. 14 to 16 at between 5 and 5.44 euros per share, the Hellenic Financial Stability Fund HFSF said in a statement.

The HFSF, a statecontrolled bank bailout fund, acquired stakes in Greece39;s biggest lenders in return for injecting about 50 billion euros to recapitalise them during the country39;s financial crisis. It currently holds a 40.4 stake in NBG and a 27 stake in Piraeus Bank, Greece39;s third largest lender.

NBG39;s shares were down about 1 at 5.39 euros at 1012 GMT on Monday, with the 20 stake valued at about one billion euros 1.07 billion.

Out of the 20 holding, 17 will be offered to funds and 3 to retail investors. If there is strong demand, then HFSF might increase the stake to be offered to 22, an official involved in the process told Reuters.

Earlier on Monday, HFSF said it sold its 9 stake in Alpha Bank to UniCredit for 293.5 million euros after an improved bid from the Italian bank.

Greece has been attracting significant investment as its economy strengthens after the crisis, prompting SP Global to upgrade the country to investment grade in October.

1 0.9349 euros

Reporting by Lefteris…