UL agrees on USB sale to shipping group

Schoeller Holdings Ltd and Path Holdings Ltd have signed an agreement with Universal Life Insurance Pcl, to acquire 52% of Universal Bank’s issued share capital. The agreement will be finalised after the

New Hellenic Bank in the making

Restructuring plan set for April approval Hellenic Bank is undergoing a major transformation with a shake-up of procedures and culture as its new CEO Makis Keravnos starts to put into place a

East Med raises GBP 1.4m in AIM placing

Mining hopeful Eastern Mediterranean Resources has raised GBP 1.4 million at 12.5p to fund its quest for copper, gold and other minerals in Cyprus, Georgia and Slovakia, according to a report in

Egnatia lifts Laiki target to CYP 3.40

Egnatia Financial Services has lifted its price target on the shares of Laiki Bank to CYP 3.40 from the previous CYP 2.11 per share level following the release of the 2005 results.