Alpha Bank in a statement denied the publication of Bloomberg, which claimed that it is in discussions to acquire 15% of Bank of Cyprus.
As stated in its statement, the bank “in order to properly inform the investing public, Alpha Services and Participations AE (“Alpha Holdings”) denies as untrue the publications in the electronic press, according to which Alpha Holdings is in negotiations; for the acquisition of shares in Bank of Cyprus Holdings Public Limited (“Bank of Cyprus”) from its existing shareholders.
In the context of the implementation of the declared Strategic Plan, Alpha Holdings monitors the market for the assessment of investment opportunities and informs the investment community in accordance with the applicable legislation.
Earlier, Bloomberg reported that the two main shareholders of Bank of Cyprus, CarVal Investors and Caius Capital, which own 15%, are considering selling their shares and exploring the possibility of selling their shares in a package. The publication ranks Alpha Bank among potential buyers, noting that it was the first contact.
According to Bloomberg, the buyer of this package can take a bigger place in the Cyprus market and later acquire a larger percentage of the bank. Today, the market value of Bank of Cyprus securities is 1.8 billion euros, and the shares are sold at 4.20 euros per share.
