Hellenic signs deal with Co-op, as PIMCO pledges capital

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Hellenic signs deal with Co-op, as PIMCO...
 © BusinessMail 2019
By Stelios Orphanides

Hellenic Bank said that it signed with the Cyprus Cooperative Bank a business transfer agreement on Monday allowing it to acquire the latter’s healthy part and a subscription agreement with Bravo Strategies III, a fund owned by Pacific Investments Management Company LLC (PIMCO).

“Through the acquisition a total balance sheet of €10.3bn of assets (or €10bn after fair value and other adjustments), as well as certain business of Cyprus Cooperative Bank related to the acquisition perimeter, will be acquired by the company,”...


This article was automatically added to our system 25-6-2018

Hellenic signs deal with Co-op, as PIMCO pledges capital


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Article Tags: hellenic, signs, pimco, pledges, capital,