Laiki Inv and CLR to merge

Marfin CLR is the name of the new entity to emerge from the merger of the operations of Laiki Investments (LI) and CLR Capital (CLR) in a ratio of 70:30 through a full share swap.

Marfin Popular Bank is expected to have a 50% plus one share stake in the new entity, which will seek to become Cyprus’ largest and most dynamic investment banking firm.

The two groups announced that the merger will be completed following a due diligence.