Commission clears acquisition of Altamira Cyprus by Cyprus Cooperative Bank and Apollo Management

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Commission clears acquisition of Altamira...
 © In-Cyprus 2020
The European Commission announced today that it has approved, under the EU Merger Regulation, the acquisition of Altamira Cyprus by Cyprus Cooperative Bank (“CCB”) and Apollo Capital Management, L.P. (“Apollo”) of the US.

According to the EC decision, Altamira Cyprus is active in the management, enforcement and recovery of non-performing loans, currently from CCB only. The Commission says that now the company intends to expand its activities to provide its services to other banks and financial institutions in Cyprus. CCB is a bank, active in retail...


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This article was automatically added to our system 14-5-2018

Commission clears acquisition of Altamira Cyprus by Cyprus Cooperative Bank and Apollo Management


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: commission, clears, acquisition, altamira, cyprus, cyprus, cooperative, apollo, management,