Financial Services category powered by

Eurobank sells 8.58% stake in Demetra Holdings Plc to Logicom Services for €27m

13:04 - 17 January 2025

Financial Services Reporter

Eurobank has completed the sale of its 8.58% stake (17,152,353 shares) in Demetra Holdings Plc to Logicom Services Limited for approximately €27 million (€1.55 per share).

This transaction is part of a broader agreement involving Eurobank's acquisition of an additional 24.66% stake in Hellenic Bank Public Company Ltd, comprising 21.33% from Demetra and 3.33% from Logicom.

The completion of this acquisition is anticipated around 10 February, 2025, pending the necessary regulatory approvals.

News Feed

All News

Read More

The AfroBanana Festival evolves and takes the stage at the Nicosia Municipal Theatre
Hellenic Bank and Eurobank Cyprus becoming one and reshaping the banking map
Find out about what Cyprus has to offer at the "3rd Cyprus International Technology Relocation Summit"
AEGEAN cancels its flights to and from Tel Aviv, issues instructions for affected passengers
Hermes Airports issues update on flight cancellations and diversions
CPDA submits draft law for the establishment of the profession of Property Developer
Reinventing Media: The New Rules of Growth & Sustainability
Wizz Air suspends flights to and from Tel Aviv
Flights between Cyprus and Israel airports canceled, flights diverted from Europe and America
Marios Tannousis: Investopia Global Mediterranean Forum highlighted Cyprus' role in the region's investment events