Insider Business Possible investors of CCB to reveal binding offers

Possible investors of CCB to reveal binding offers

The intentions of possible CCB investors wil be made clear today, Monday, and relevant announcements are expected soon. Marathon meetings have been taking place in the central offices of Hellenic Bank during the past few days on the issue of the binding offer to be made for the acquisition of the ‘healthy’ part of CCB.

Major developments took place during the weekend with the possible investors in constant talks with Hellenic Bank, the Ministry of Finance, and the Central Bank of Cyprus.

Large shareholders Third Point group and Wargaming are also involved in the talks, so that common ground on the terms of the offer can be found.

According to leaked information, the supervisors and the Ministry of Finance sent the message that a binding proposition from Hellenic Bank concerning only part of the ‘healthy’ CCB would be rejected.

According to new information, Apollo investment fund may submit a proposal for the entirety of CCB, or for just its ‘good’ part.

Previous articleOrounta
Next articleKampos Tsakkistras

Top Stories

New York suffers deadliest day in coronavirus crisis

New York has suffered its deadliest day in the novel coronavirus pandemic, with 731 fatalities in the last 24 hours, although Governor Andrew Cuomo...

Cyprus prices dual EMTN Tranche for €1.75 billion

The Republic of Cyprus has priced on Tuesday two new benchmark-sized Euro Medium Term Notes for a total amount of €1.75 bn with Finance...

MoE announces support measures for cultural sector

The Minister of Education and Culture Prodromos Prodromou announced on Tuesday support measures for the cultural sector suffering the consequences of Covid-19 that involves...

29 new Covid-19 cases in Cyprus

Another 29 people tested positive for coronavirus the Health Ministry said on Tuesday, up on yesterday’s levels (19). This brings the total number of confirmed...

20 Cypriot Covid-19 patients included in Avigan trials

Cyprus is among 20 countries worldwide that will receive the drug Avigan to treat hospitalised Covid-19 patients, the Health Ministry said on Tuesday. It said...

Taste

Stuffed vine leaves without meat

(Dolmadakia gialantzi) Rinse the leaves and boil in salted water for approximately 10 minutes until soft. Drain and place in some cold water with ice...

Snails with tomato sauce

When the snails are ready, drain them. Fry the onions in the oil and once slightly brown, add the tomatoes. Stir until cooked well...

Sea bream with capers

Clean the sea bream well, add salt and pepper to them and brush them with olive oil. Mix the capers and parsley together as...

Halloumi bread

Sift the flour with the salt into a bowl and mix in the yeast and lemon rind. Make a well in the centre of...