Astrobank’s CDB takeover collapses

AstroBank announced that negotiations to take over the Cyprus Development Bank (CDB) have fallen through. The island’s fourth-largest lender had set out earlier in September to acquire CDB in a bid to

Obstacles to Eurobank’s Hellenic takeover

Greece’s Eurobank is reportedly preparing a strategic roadmap to takeover Hellenic Bank, the island’s second-biggest lender; however, there are obstacles as major shareholders are unwilling to budge. With a 29.2% Hellenic stake,

Eurobank edges closer to Hellenic takeover

Greece’s Eurobank is reportedly preparing a strategic roadmap to takeover Hellenic Bank, the island’s second-biggest lender, just months after increasing its stake to over 29%. Once it reaches the 30% benchmark, according

Eurobank edging towards Hellenic takeover

Eurobank is moving closer to a takeover of the island’s second-largest lender after solidifying its position as Hellenic Bank’s major shareholder acquiring another 3.2%, essentially buying out Senvest Management LLC. Combined with

Lone Star deal heads south

A fresh attempt by US private equity firm Lone Star at a fourth takeover bid for Bank of Cyprus will also be shot down by the institution’s shareholders and the island’s financial

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