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CarVal reduces Bank of Cyprus stake even further

10:40 - 20 March 2025

Financial Services

CarVal has proceeded with a new sale of shares, further reducing its stake in the share capital of Bank of Cyprus.

According to a recent update via the Cyprus Stock Exchange (CSE), on 18 March, CarVal sold a number of shares it held in Bank of Cyprus, bringing its new stake down from 4.99% to 3.07%.

Following this development, CarVal's voting rights have been reduced to 13,533,758 shares.

It is reminded that in early March, CarVal had sold additional shares, reducing its stake below 5%, specifically to 4.99%.

Notably, last October, CarVal Investors had sold another 13.5 million shares of Bank of Cyprus, representing approximately 3% of the share capital, through a placement to institutional investors via accelerated book-building.

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