Coop receives two binding offers from investors (Update-1)

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Coop receives two binding offers from investors...
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By Stelios Orphanides

The state-owned Cooperative Central Bank (CCB) said it received proposals for the acquisition of its operations from two prospecting buyers.

“The proposals are now under review by the bank’s senior management, working closely with Citigroup Global Markets Limited as the exclusive financial advisor to CCB,” the bank said on Monday after the deadline for submission of binding offers expired. “We anticipate that the board of directors will meet as part of that review to consider the proposals and will provide further...


Coop receives two binding offers from investors (Update-1)


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