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Cyprus News Agency: News in English, 07-01-31

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] CYSE - MARFIN

  • [01] CYSE - MARFIN

    The Cyprus Stock Exchange (CySE) decided it cannot examine the public bid documents submitted by Marfin Popular Bank (MPB) for the acquisition of Bank of Cyprus, stating that Marfins bid was preceded by Greek Bank of Piraeus public offer to acquire MPB.

    ``The board of the Cyprus Stock Exchange decided it cannot examine the public bid documents of MPB for the acquisition of 35-100% of the share capital of Bank of Cyprus, since it was preceded by the submission of an announcement by Piraeus Bank of a public offer to acquire between 40-100% of MPB Ltd,`` the Stock Exchange statement said.

    The board of the Cyprus Stock Exchange examined today the two public bid documents and decided to accept the public bid document of the Piraeus Bank, but at the same time not to accept MPBs public bid documents, since Marfins move is prohibited by regulation 21 of the Cyprus Stock Exchange regulations (regarding mergers and acquisition).


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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