Bank of Cyprus UK sold for £103 million

Click For Larger Image & Read More
Bank of Cyprus UK sold for £103 million
 © Parikiaki 2018
Bank of Cyprus Holdings Public Limited Company announces that it has signed a binding agreement to sell its wholly owned subsidiary bank in the UK, Bank of Cyprus UK Limited (“BOC UK”) and its subsidiary Bank of Cyprus Financial Services Ltd (“BOC FS”, and together the “UK Group”) to Cynergy Capital Limited (“Cynergy”). The sale is expected to be completed by the end of 2018 and is subject to approval by the regulators of both the Group and BOC UK.

According to a Bank’s press release, the sale consideration of £103 mn (c. €117 mn1) is subject to customary purchase price...


This article was automatically added to our system 10-7-2018

Bank of Cyprus UK sold for £103 million


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

Advertise Here

Trending Cyprus News

Article Tags: cyprus, million,

 

Advertise Here

24hr News