Bank of Cyprus: Sale of 4.8% stake on behalf of Laiki Bank

Friday, May 12th, 2017
Last Update: 12:59

Laiki Bank sold 21.5mn Bank of Cyprus shares corresponding to 4.8% of total share count to institutional investors via an accelerated book building process.

The transaction took place at EUR 3.05 per share slightly lower than current market price.

Following this transaction Laiki Bank will hold ca 4.8% of BoC shares for which it has committed that there will be no further placements for the next 180days. 

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