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.

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