Wellington Management Group LLP acquires 4.75% of the Bank of Cyprus

12:15 - 19 November 2024

Financial Services Reporter

Wellington Management Group LLP has acquired approximately 21 million shares of Bank of Cyprus, representing a 4.75% stake in the bank.

This acquisition was part of a recent placement where the liquidator of Laiki Bank sold a total of 21.5 million shares, equivalent to 4.8% of Bank of Cyprus's share capital. Specifically, Wellington Management purchased 20,992,909 shares in this transaction.

(Source: InBusinessNews)

Read More

Chief Scientist promotes Cyprus as innovation and investment hub in Asia

Marios Loucaides: Significant acceleration in mergers and acquisitions is anticipated

Prodea Investments now owns almost 100% of MHV after €92.3m 20% acquisition from Flowpulse

PASYLE's clear message about DRS: "The cost should not be transferred to supermarkets and consumers"

Baker Tilly South East Europe hosting Baker Tilly 2025 Europe Conference in Athens

We enjoy a very strong relationship with Cyprus, advisor to Qatari Prime Minister says

Aristotelis Panteliadis: The food retail market is changing rapidly - "Purely online" is a thing of the past

Olympios Toumazou: Cypriot consumers behave like cats on a rooftop

European shoppers willing to switch payment methods for faster checkouts, but trust remains key

BidX1 announces upcoming Land Auction – with bidding starting from as low as €100