Alpha Holdings says it is not negotiating Bank of Cyprus stake

11:21 - 21 June 2024

Financial Services Reporter

Alpha Services and Holdings, which includes Alpha Bank, has issued a statement saying it has not embarked on negotiations for the acquisition of a stake in the Bank of Cyprus.

The statement came after press reports suggested that Alpha Holdings was negotiating for a share in the Bank of Cyprus.

The announcement said, "For the purposes of properly informing investors, Alpha Services and Holdings S.A. (“Alpha Holdings”) denies as untrue recent electronic press article(s) suggesting that Alpha Holdings has embarked into negotiations for the acquisition of a stake in Bank of Cyprus Holdings Public Limited Company (“Bank of Cyprus”) from existing shareholders.

In the context of implementing its publicly announced Strategic Plan, Alpha Holdings monitors the market for assessing opportunities and will keep investors informed in accordance with all applicable laws."

News Feed

Read More

Elena Grigorian on how MY.GAMES continues to look ahead as it celebrates its fifth anniversary
Century Travel: 6 Star Crystal announce two new ships
EU Commissioner Kyriakides will return to Cyprus after completing her term
Sixty young people from EU countries take part in SKILLS UP programme hosted in Cyprus
New ground is breaking in China - Cyprus relations, Chinese Ambassador says
Cyprus-Egypt FMs discuss close cooperation, strategic partnership
Ice cream, holidays and hotels cost more in June
Industrial Turnover Index up by 11.1% in April y/o/y
RAVATAR: The Limassol-based company specialising in AI avatars and beyond
John Georgoulas: Cyprus’ technology sector has huge potential but needs more help from state & universities