Image default
Greek News

Eurobank buys 9.9% stake in Hellenic Bank of Cyprus

Eurobank acquired a 9.9% share of the share capital of Hellenic Bank of Cyprus through the acquisition of 40,800 shares of Third Point Hellenic Recovery Fund, LP, while it is expected to acquire the remaining 2.7% held by the fund after the relevant supervisory approvals.

After the completion of the deal, the share of Eurobank in Hellenic Bank of Cyprus will rise to 12.6% making it the fourth-largest shareholder of the bank.

Based on the data announced on the Cypriot stock exchange, the transaction price amounted to €32.6 million.

also read

An additional €100 million from the EU to strengthen the Greek public health system

Citizens from 4 more countries allowed to enter Greece

Σχετικα αρθρα

Chinese Foreign Investment in Coal Power (infographic)

admin

Investment frenzy in Greece – 10 billion-euro deals closed from the start of 2021

admin

How Much Do Countries Spend on Education? (infographic)

admin

How Long Does Apple Support Older iPhone Models? (infographic)

admin

Chinese billionaire loses an astonishing $27 billion

admin

Working hours needed to escape poverty at minimum wage for families (infographic)

admin

New online Tax Office portal to provide Greek taxpayers with plenty more services

admin

An iPhone for (Almost) Every Wallet (infographic)

admin

Apple’s Incredible 21st Century Growth (infographic)

admin

Cars Increasingly Ready for Autonomous Driving (infographic)

admin

49% of Greek Electricity Distribution Network Operator majority stake bought out by Australian company for record €2.1 bln

admin

Natural gas price up by 91%, as inflation rose in past month by 1.9%

admin