Four US banks have led a secondary share sale worth €834m ($1bn) in Hellenic Telecom Organisation, a Greek telecom company known as OTE. Shares priced in the middle of their marketed range.

Goldman Sachs, JP Morgan, Merrill Lynch and Morgan Stanley sold 49 million shares on behalf of the Greek government, which reduced its stake by 10% to 38.6%. The remainder of the company is listed on the Athens Stock Exchange.