Decision by the Commission for the Protection of Competition in relation to the Agreement to acquire certain assets and liabilities of the Cyprus Cooperative Bank Ltd
25 July 2018
Further to the announcement by Hellenic Bank Public Company Limited (the “Company”) dated 25 June 2018 that, on the said date, it entered into a Business Transfer Agreement with the Cyprus Cooperative Bank Ltd (“CCB”) for the acquisition of certain assets and liabilities of CCB (the “Acquisition”), the Company announces that it has received clearance of the Acquisition by the Commission for the Protection of Competition (“CPC”) of the Republic of Cyprus. On 24 July 2018, the CPC informed the Company of its decision that the act of concentration in relation to the Acquisition is compatible with the functioning of competition in the market.
The Company will keep investors informed of any developments relating to the Acquisition to the extent required by applicable laws and regulations.
HELLENIC BANK PUBLIC COMPANY LIMITED