Crucial countdown as Cyprus moves to block Lone Star

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Crucial countdown as Cyprus moves to block Lone...
 © KNEWS 2022
Private equity firm Lone Star has until Friday to submit a binding offer to buy the Bank of Cyprus, but the island’s largest financial institution could be out of reach as the House is expected one day earlier to vote on a bill that would authorize the government to block a hostile takeover on security grounds.

The House finance committee in the Republic of Cyprus is putting an emergency bill to a vote on Thursday that could authorize the finance minister to block a takeover of the country’s biggest bank with a potential offer by Lone Star, which has...


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Article automatically added to our system on Tuesday, September 27, 2022

Crucial countdown as Cyprus moves to block Lone Star


Contents of this article including associated images are © KNEWS 2022
Views & opinions expressed are those of the author and/or KNEWS .

Article Tags: #crucial   #countdown   #cyprus   #moves   #block  


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