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Possible investors of CCB to reveal binding offers

May 14, 2018 at 10:27am
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The intentions of possible CCB investors wil be made clear today, Monday, and relevant announcements are expected soon. Marathon meetings have been taking place in the central offices of Hellenic Bank during the past few days on the issue of the binding offer to be made for the acquisition of the ‘healthy’ part of CCB.

Major developments took place during the weekend with the possible investors in constant talks with Hellenic Bank, the Ministry of Finance, and the Central Bank of Cyprus.

Large shareholders Third Point group and Wargaming are also involved in the talks, so that common ground on the terms of the offer can be found.

According to leaked information, the supervisors and the Ministry of Finance sent the message that a binding proposition from Hellenic Bank concerning only part of the ‘healthy’ CCB would be rejected.

According to new information, Apollo investment fund may submit a proposal for the entirety of CCB, or for just its ‘good’ part.