Bank of Cyprus LSE IPO

Overview:

• Bank of Cyprus has announced its intention to list on the LSE.
• The deal would value the company at £2.5 billion.
• The bank will maintain its listing on the Cyprus Stock Exchange but will de-list from the Athens Exchange.
• The deal comes as Bank of Cyprus has repaid all bar £800 million of the €11.4 billion it received in emergency financial aid in 2013.
• Bank of Cyprus has 4,000 staff
• HSBC is acting as financial adviser.

Sam Duke - Editor