09/09/2010 10:12
The stake of BLC Bank in Universal Savings Bank might reach 73% via the public offer, the Cypriot bank announced on Thursday. Further to the announcement released yesterday for the acquisition of 9.90% of the bank’s share capital by BLC BANK SAL, the bank said:
“We have been informed that BLC Bank SAL has signed an agreement with existing shareholders of the Bank, which provides for the purchase of an additional 62.94% and not less than 43.16% of the share capital of USB Bank Plc at the price of €0.80 per share. This agreement is subject to the Central Bank of Cyprus approval and other competent authorities as well as the submission of a Public Offer on behalf of BLC BANK SAL”.
“We have been informed that BLC Bank SAL has signed an agreement with existing shareholders of the Bank, which provides for the purchase of an additional 62.94% and not less than 43.16% of the share capital of USB Bank Plc at the price of €0.80 per share. This agreement is subject to the Central Bank of Cyprus approval and other competent authorities as well as the submission of a Public Offer on behalf of BLC BANK SAL”.
Related Articles
