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The Ministry of Finance is mobilized after the information about the sale of Bank of Cyprus stake

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The mobilization of the Ministry of Finance seems to have been caused by the news reported by the Bloomberg agency that the funds CarVAL Investors and Caius Capital LLC are interested in selling their shares in the share capital of Bank of Cyprus, which together amount to 14.65%.

An official of the Ministry of Finance told KYPE that the Ministry is closely monitoring the matter and added that “we will not accept the sale of the Bank of Cyprus to an entity of Greek interests”. It is recalled that the control of Hellenic Bank, the second largest bank in Cyprus, has already passed into the hands of the Greek Eurobank.

In this context, the same official recalled that the bill for the control of foreign direct investments is before the Parliament, a new consultation was held and it is expected that the foreseen parliamentary procedures for its approval will be promoted.

Other shareholders were also approached

Besides, as investors and banking agents told KYPE, the mediators appointed by the two funds in order to investigate the interest of potential buyers, also approached other shareholders with significant stakes in the share capital of the largest bank in Cyprus in order to scope out whether they are interested in selling and they their shares.

It is recalled that the Greek Alpha Bank, which was mentioned in the publication, has made a denial, leaving a door open, saying that it is examining investment opportunities in the context of its announced Strategy Plan.

The same circles assessed that the possibility cannot be ruled out that the National Bank of Greece, which has the funds that would allow it to make such a move, is also among the potential buyers.< /p>

The bank's share on the CSE showed a fall of 0.94% and greater losses, at a rate of 2.26% on the London Stock Exchange, with the market value of the bank on the CSE standing at €2 billion.

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Source: 24h.com.cy

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