Marfin Popular Bank Pcl (MPB) announced the final terms of acceptance of its offers to acquire Marfin Financial Group, Egnatia Bank and the minority shares of Laiki Hellas that it does not own.On 19 September 2006, the Offeror submitted two (2) Voluntary Tender Offers (the “Tender Offers”) for the acquisition of a) up to and

Aspis SA of Greece together with its associate company, Commercial Value SA of Greece have submitted an improved offer seeking minimum 20% and maximum 50% plus one share of Universal Bank Pcl (USB). Aspis and Commercial Value improved their public offer to CYP 1.10 or EUR 1.90 per share from their previous offer of CYP

According to the Statistical Service Cystat, industrial output prices rose only slightly in November, as the index reached 124.1 (base 2000=100), a rise of 0.1% compared with the previous month. For the period January-November 2006, industrial output prices rose by 4.4% compared with the same period of 2005. Prices for export (5.1%) rose faster in

Following previous announcements relating to the acquisition of 30% of the share capital of M.S. (Skyra) Vasas Ltd (MS) by Cyprus Cement Public Company Ltd (CCC) and 20% of the share capital of MS by Latouros Quarries Ltd (LQ), CCC and its related company LQ announce that:1. On 20 December 2006 they had informed the

Citigroup commenced coverage on Bank of Cyprus Pcl with a price target of EUR 14 per share and a “buy/medium risk” recommendation in a research note dated January 4, 2007, placing the bank among its top picks. Citigroup expects the EPS of Bank of Cyprus to double by 2009, while the return on equity (ROE)

…boosts total market cap by EUR 3.8 bln to EUR 16.3 bln   Marfin Popular Bank Pcl (CPB) lifted the Cyprus Stock Exchange by a whopping 3.5% in mid-day Friday trading and boosted the total market capitalization of the Exchange by a whopping EUR 3.8 bln in one day, following the debut of its shares,

The Inland Revenue Department reported total receipts of CYP 742 mln in the first eleven months of 2006 until end of November, up 34.5% year-on-year compared to CYP 551.5 mln in the same period a year ago. The CYP 191 mln actual increase in tax receipts confirms the widely held view that the government has

Edited by Michael Kyrou  CFA Vice President CFA Society of Cyprus      Although hedge funds were once solely an investment vehicle for wealthy individuals and institutional investors, the industry has undergone enormous change over the past decade. Today, the SEC estimates that hedge funds collectively manage an estimated US$650-900 billion in assets, perhaps due in