IFLR1000

Hellenic Bank acquisition of Cyprus Cooperative bank

21/7/2018
Public acquisition
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Completed

21/7/2018

Overview:

  • Hellenic Bank has acquired the state-owned Cyprus Cooperative Bank.
  • The multi-billion euro deal will see Hellenic Bank take over the target's €10.3 billion balance sheet, 73 branches and around 1,100 employees.

Rajeeb Gurung - Researcher

Jurisdiction:

Cyprus

Deal type:

Public acquisition

Practice area:

M&A

Governing laws:

England and Wales
Cyprus

Industry sector:

Banking

Firms:
Allen & Overy

Party: Hellenic Bank (Acquirer)

Antis Triantafyllides & Sons

Party: Hellenic Bank (Acquirer)

Lawyer: Stelios Triantafyllides

Shearman & Sterling

Party: Cyprus Cooperative Bank (Seller)

Party: Republic of Cyprus (Shareholder)

Lawyer: Patrick Clancy

Tassos Papadopoulos & Associates

Party: Cyprus Cooperative Bank (Seller)

Party: Republic of Cyprus (Shareholder)

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