ATHENS (Reuters) - Greece's state-controlled bank rescue fund Hfsf said it has started a process to sell its 9 percent stake in Alpha Bank.

Last week the Hellenic Financial Stability Fund (Hfsf) received an offer from UniCredit for the stake, but the fund is expected to invite other investors to submit proposals in an effort to secure the best deal for the bank.

In a statement, the Hfsf said bids can be submitted from 9:30 a.m. today until Nov. 10.