Cyprus Mail

Hellenic, Piraeus in bank takeover talks, deal remote

By Stelios Orphanides

Hellenic Bank, the island’s second largest lender, is in advanced talks to acquire the Bank of Piraeus Cyprus, a Hellenic Bank source familiar with the matter said.

While the two lenders are neither confirming nor denying the information, the source said that Hellenic Bank is already involved in a due diligence process adding that two sides have not even began negotiations.

Related posts

Unilever rejects boycott movement

Reuters News Service

Turkish central bank sharply raises inflation forecast; lira slips

Andrew Rosenbaum

Tesla-chaser Volkswagen lifts margin outlook again after record profit

Reuters News Service

Pound highest in over a month as dollar dips

Reuters News Service

AstraZeneca COVID-19 vaccine sales jump

Reuters News Service

Shopify sees record Q2 revenue as worldwide consumers spend more online

Reuters News Service