Insider Business Hellenic calls EGM for August 22, sets up integration committee for CCB...

Hellenic calls EGM for August 22, sets up integration committee for CCB deal

Hellenic Bank has announced the establishment of a temporary / ad hoc Integration Committee of the Board as from August 1  to ensure the effective oversight and input of the Board of Directors in smoothly implementing the integration
strategy of the acquired business of certain assets and deposits of the Cyprus Co-operative Bank Ltd.

The acquired business of €10 billion will include up to 1,100 employees and up to 75 retail branches. The bank said that the Integration Committee will be operational for a period  of up to 18 months.  Its composition will be announced in course.

Meanwhile, Hellenic’s EGM to approve a capital raise of €150m will be held on August 22. The capital raise is integral to the bank’s acquisition of the good part of the CCB.

Read more

https://in-cyprus.com/news/business/hellenic-bank-ccb-ink-deal/

Top Stories

5G network licensing tenders to be announced this month

    The Deputy Ministry of Research, Innovation and Digital Policy, through the Digital Communications Department, will announce a tender within July 2020 to grant licences...

Man charged with working illegally after taking food to Paphos police

  A fast-food delivery man has been charged with working illegally after making a delivery to Paphos police station, the Cyprus News Agency reports. It said...

U.S. Supreme Court allows federal executions to proceed

  The U.S. Supreme Court ruled on Tuesday that the first federal executions in 17 years could proceed, overturning an injunction blocking them in order...

Belgium, once hard-hit, reports zero coronavirus deaths for first time since March

  Belgium, which has reined in the coronavirus after becoming the worst-hit mid-sized country in the world, reported zero new coronavirus-related deaths in 24 hours...

Limassol: 65 year old killed in labour accident

  A 65 year old Greek Cypriot man was killed in a fatal labour accident that occurred at a Limassol timber storage area on Tuesday...

Taste

Halloumi cheese fingers

Ingredients Serves: 2 1/2 tablespoon olive oil 175g (6 oz) halloumi cheese, cut into sticks 1 dessertspoon lemon juice 1/4 teaspoon dried oregano freshly ground black pepper to taste Method Prep:5min ›...

Koupes (cracked wheat pies) with mushrooms

Ingredients: For the dough: 1½ cup bulgur wheat 2 cups water 1 tsp. salt For the filling: 250gr. mushrooms, finely chopped ½ cup of olive oil 2 big onions, coarsely chopped 1...

Fried zucchini balls with halloumi

Ingredients: 6 medium zucchinis (approximately 1kg) 1 small onion, grated 1 large halloumi (about 250gr.), grated ½ cup simple flour 2 tsps. fine lemon zest 2 big eggs 1 tbsp. fresh...

Rocket salad

Ingredients: 4 cups rocket leaves, rinsed and dried 1 cup cherry tomatoes 1 cup pomegranate seeds 1 red bell pepper ½ cup croutons 2-3 light cheese slices (grated) salt ½ of a...