Co-op, Hellenic closer to a deal – reports

Click For Larger Image & Read More
Co-op, Hellenic closer to a deal – reports
 © BusinessMail 2018
By Stelios Orphanides

The Cyprus Cooperative Bank and Hellenic Bank have made progress in their negotiations for the acquisition of the Co-op’s operations and the two sides are likely to reach an agreement in principle within the next days, the Cyprus News Agency (CNA) reported on Thursday.

Citing unnamed sources, CNA said the two sides are close to an agreement on how to cover the funding gap between the value of assets and liabilities that the buyer will take over.

The government will be issuing a new bond, on top of the €2.4bn bonds issued in favour of the...


This article was automatically added to our system 2 weeks ago

Co-op, Hellenic closer to a deal – reports


The contents of this article including any associated images are © BusinessMail 2018
Views & opinions expressed in this article are those of the author and/or BusinessMail .

Advertise Here

Trending Cyprus News

Article Tags: hellenic, closer, reports,

 

Advertise Here

24hr News