Bank of Cyprus sells UK subsidiary

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Bank of Cyprus sells UK subsidiary
 © KNEWS 2018
The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy.

According to Kathimerini Cyprus, a binding agreement has been signed worth an estimated total of €117, half of which will be paid cash and the rest in installments following the approval of the deal.

The sale of the BoC UK group is seen as part of a broader strategy, which is to create added value for its shareholders and focus mainly on supporting the rebounding of the...


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Bank of Cyprus sells UK subsidiary


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