Marfin Popular Bank acquires 7.66 pct of Bank of Cyprus from Piraeus sources |
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Tue, 06 Mar 2007 16:41
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ATHENS (AFX) - Marfin Popular Bank acquired a 7.66 pct stake in the Bank of Cyprus from the Bank of Piraeus, which was formerly its largest shareholder with an 8.2 pct stake, sources close to the matter said to AFX News.The sources added that the 7.66 pct stake was acquired in one single block trade on the Athens Stock Exchange.A total of 42.4 mln shares were transferred at 11.24 eur per share, which is 7.05 pct higher than yesterday's closing price, the sources noted.Market sources had earlier told AFX News that discussions were taking place between Marfin and Bank of Piraeus in an amicable spirit and the sale of the share stake was part of negotiations.Source: Euro2day.gr NewsWireskrekas@euro2day.grns/jsaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Marfin Popular Bank submits public offer for Bank of Cyprus sources 