Marfin purchases Bank of Cyprus shares

Marfin Popular Bank revealed that it has purchased 663.863 shares of Bank of Cyprus at an average price of EUR 11.4550 on Friday in addition to previous purchases made last Thursday at EUR 11.497.

The purchases increase the stake of MPB in BOC from 7.38% to 7.50%. Previously the Bank had sold about 4.9 mln shares of BOC on the open market, as a result of which, its stake in Bank of Cyprus fell from 8.19% to 7.38%. The Cyprus Commission for the Protection of Competition has initiated an investigation on MPB’s dealings on Bank of Cyprus shares.