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Cyprus News Agency: News in English, 07-01-31
CONTENTS
[01] CYSE - MARFIN
[01] CYSE - MARFIN
The Cyprus Stock Exchange (CySE) decided it cannot examine the public
bid documents submitted by Marfin Popular Bank (MPB) for the
acquisition of Bank of Cyprus, stating that Marfins bid was preceded by
Greek Bank of Piraeus public offer to acquire MPB.
``The board of the Cyprus Stock Exchange decided it cannot examine the
public bid documents of MPB for the acquisition of 35-100% of the share
capital of Bank of Cyprus, since it was preceded by the submission of
an announcement by Piraeus Bank of a public offer to acquire between
40-100% of MPB Ltd,`` the Stock Exchange statement said.
The board of the Cyprus Stock Exchange examined today the two public
bid documents and decided to accept the public bid document of the
Piraeus Bank, but at the same time not to accept MPBs public bid
documents, since Marfins move is prohibited by regulation 21 of the
Cyprus Stock Exchange regulations (regarding mergers and acquisition).
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