28/08/2012 10:55
The state support of Cyprus Popular Bank has turned its once major shareholders Dubai Financial Group and Marfin Investment Group into small shareholders.
The two organizations, which until recently held 30% of the bank, now hold only 2.13%.
CPB has received support of €1.8 billion and the state has become its major shareholder with a stake of 84%. The “state” shares of the bank have not been listed on the CSE.
According to an announcement released today, Dubai Financial Group LLC informed in writing the Securities & Exchange Commission and the Issuer that the percentage of the issued share capital and voting rights of the Bank held by the Company, was reduced from 18,69% to 1,41% and the percentage of the listed share capital from 18,69% to 8,83%.
Marfin Investment Group S.A. Holdings informed in writing the Securities & Exchange Commission and the Issuer that the percentage of the issued share capital and voting rights of the Bank held by the Company, was reduced from 9,49% to 0,72% and the percentage of the listed share capital from 9,49% to 4,48%.
The two organizations, which until recently held 30% of the bank, now hold only 2.13%.
CPB has received support of €1.8 billion and the state has become its major shareholder with a stake of 84%. The “state” shares of the bank have not been listed on the CSE.
According to an announcement released today, Dubai Financial Group LLC informed in writing the Securities & Exchange Commission and the Issuer that the percentage of the issued share capital and voting rights of the Bank held by the Company, was reduced from 18,69% to 1,41% and the percentage of the listed share capital from 18,69% to 8,83%.
Marfin Investment Group S.A. Holdings informed in writing the Securities & Exchange Commission and the Issuer that the percentage of the issued share capital and voting rights of the Bank held by the Company, was reduced from 9,49% to 0,72% and the percentage of the listed share capital from 9,49% to 4,48%.
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