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Sale of CPB's stake in PJSC Marfin Bank (Ukraine) was completed

14 June 2017

The sale of CPB's stake in PJSC Marfin Bank (Ukraine) to Saggarco Limited was completed on 14 June 2017, further regulatory approval in Cyprus and Ukraine.

 

Tender Process for the sale of Lombard Bank Malta p.l.c.

5 April 2017

Six international investor groups submitted non-binding offers for the acquisition of CPB's participation in Lombard Bank Malta p.l.c.

 

Tender Process for the sale of Marfin Bank Romania S.A.

8 March 2017

Investment Bank of Greece S.A., in its capacity as financial adviser to the Special Administrator of Cyprus Popular Bank Public Co Ltd ("CPB"), is pleased to announce the relaunching of a tender process for the sale of CPB's participation in Marfin Bank Romania S.A.

 

Sale of CPB's stake in Marfin Bank AD Belgrade was completed 

1 March 2017

The sale of CPB's stake in Marfin Bank AD Belgrade to Expobank CZ was completed on 28 February 2017, further to regulatory approval in Cyprus, Serbia and the Czech Republic.

 

CPB entered into a Share Purchase Agreement with Expobank CZ, a.s. for the sale of its participation in Marfin Bank A.D. Beograd

3 October 2016

On 30 September 2016, Cyprus Popular Bank Public Co Ltd ("CPB") entered into a Share Purchase Agreement with Expobank CZ a.s. to sell its participation in Marfin Bank A.D. Beograd ("MBS"), representing 99.09% of the bank's fully paid share capital and 72.50% of the bank's preferred shares.

Chris Pavlou, Special Administrator of CPB, said: "After ten years of presence in Serbia, CPB divests from MBS following a transparent international tender process with the participation of four international investors. This underscores our mission and commitment to maximize the benefit of CPB's creditors. I am also pleased that the bank's new owner, Expobank CΖ a.s., has informed me that it has long-term plans to develop MBS."

Investment Bank of Greece S.A. (IBG) is acting as financial advisor to CPB. M. & P. Bernitsas Law Offices is acting as lead legal counsel to CPB with the assistance of Tornaritis Law Firm. Closing of the transaction is subject to regulatory approvals in Serbia, the Czech Republic and Cyprus.

 

Tender Process for the sale of PJSC Marfin Bank Ukraine

3 December 2015

Investment Bank of Greece S.A., in its capacity as financial adviser to the Special Administrator of Cyprus Popular Bank Public Co Ltd ("CPB"), is pleased to announce the launching of a tender process for the sale of CPB's participation in PJSC Marfin Bank Ukraine. Interested parties are invited to find the investment teaser at PJSC Marfin Bank Ukraine here.

 

Tender Process for the sale of Marfin Bank Romania S.A.

30 September 2015

Investment Bank of Greece S.A., in its capacity as financial adviser to the Special Administrator of Cyprus Popular Bank Public Co Ltd ("CPB"), is pleased to announce the launching of a tender process for the sale of CPB's participation in Marfin Bank Romania S.A. Interested parties are invited to find the investment teaser and a copy of the Expression of Interest invitation at Marfin Bank Romania S.A. here.  

 

Tender Process for the sale of Marfin Bank AD Belgrade

30 September 2015

Investment Bank of Greece S.A., in its capacity as financial adviser to the Special Administrator of Cyprus Popular Bank Public Co Ltd ("CPB"), is pleased to announce the launching of a tender process for the sale of CPB's participation in Marfin Bank A.D. Beograd. Interested parties are invited to find the investment teaser and a copy of the Expression of Interest invitation at Marfin Bank AD Belgrade here.

 

Background

26 May 2015 

Investment Bank of Greece S.A. (“IBG”) has been appointed to act as financial adviser to the Special Administrator of Cyprus Popular Bank Public Co Ltd (“CPB”) in connection with potential transactions involving the sale of CPB’s interest in the financial institutions:

 

  • Marfin Bank AD Belgrade (Serbia)
  • Marfin Bank Romania S.A.
  • PJSC Marfin Bank (Ukraine)
  • Lombard Bank Malta p.l.c. (Malta)

 

This site will be updated on an ongoing basis with information of the sale processes.

Please address any inquiries to This email address is being protected from spambots. You need JavaScript enabled to view it.

Newsfeed

14th June 2017

The sale of CPB's stake in PJSC Marfin Bank (Ukraine) to Saggarco Limited was completed on 14 June 2017.

 

5th April 2017

Six international investor groups submitted non-binding offers for the acquisition of CPB's participation in Lombard Bank Malta p.l.c.

 

9th  March 2017

Sales process launched for Lombard Bank Malta p.l.c.

 

8th  March 2017

Sales process relaunched for Marfin Bank Romania S.A.

 

1st  March 2017  

The sale of CPB's stake in Marfin Bank AD Belgrade to Expobank CZ was completed on 28 February 2017.

 

27th April 2016

Preselected Investors submitted their binding offers for the acquisition of CPB's participation in Marfin Bank AD Belgrade, which are under examination.

 

26th April 2016

Preselected Investors were informed on a postponement of the submission of binding offers for PJSC Marfin Bank Ukraine, pending announcement of a new deadline. 

 

21st March 2016

The Special Administrator of Cyprus Popular Bank Co Ltd informed the Malta Financial Services Authority that it has approved the disposal of its shares in Lombard Bank Malta p.l.c.

 

3rd December 2015

Sales process launched for PJSC Marfin Bank Ukraine

 

30th September 2015

Sales process launched for Marfin Bank Romania S.A and Marfin Bank AD Belgrade

 

26th May 2015

IBG appointed as Financial Adviser to the Special Administrator of Cyprus Popular Bank Co Ltd

Marfin Bank AD Belgrade (Serbia)

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Marfin Bank Romania S.A.

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PJSC Marfin Bank (Ukraine)

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Lombard Bank Malta p.l.c. (Malta)

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