Reuters had exclusively reported on Friday that Alpha Bank had selected Davison Kempner European Partners as the preferred bidder for the Galaxy transaction

The sale also includes the disposal of Alpha's bad loan servicing unit, Cepal. Davidson Kempner has valued the assets at about 290 million euros, a source told Reuters on Friday.

(This story refiles with correct cross reference to previous story)

(Reporting by Lefteris Papadimas)