Completion of Bank of Cyprus Share Sale
November 15, 2024
The liquidator of Laiki Bank has completed the sale of 21.5 million shares of Bank of Cyprus worth 90.9 million euros. The sale process was managed by Deutsche Bank, and the shares closed at 4.57 euros each. Details about the buyers will be announced in the coming days, and this is the second sale after the shares were listed on the Athens Stock Exchange. The liquidator had previously indicated plans to liquidate this stake in the bank.