Greece's NBG gets four bids for insurance unit- source

ATHENS, April 4 (Reuters) - Four investors submitted binding

offers to acquire a majority stake in Greek lender National

Bank's (NBG) insurance unit National Insurance, a

banking source close to the deal told Reuters on Tuesday.

NBG, Greece's second largest lender by assets is looking to

sell its National Insurance subsidiary as part of a

restructuring plan it has agreed with regulators to exit from

non-banking operations and focus on core banking.

"Four binding offers were submitted," the banker said. "The

aim is to sell at least a 75 percent stake in the unit."

The bidders were Chinese conglomerate Fosun, Shanghai-based

Gongbao and Wintime and John Calamos-Exin Partners, the banker

said, without providing further details.

Goldman Sachs and Morgan Stanley are advising NBG on the


(Reporting by George Georgiopoulos)