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

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Hellenic signs deal with Co-op, as PIMCO...
 © BusinessMail 2020
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,”...


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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,