Cyprus Business Now: Hellenic Bank acquisition, tourism conference, tariff reaction

Eurobank announced on Tuesday that it has completed the acquisition of an additional 37.5 per cent stake in Hellenic Bank, bringing its total shareholding to 93.47 per cent.

The bank has also launched a mandatory public offer to acquire the remaining shares of Hellenic Bank, aiming for full ownership.

The transaction, finalised on February 10, 2025, after obtaining the necessary regulatory approvals, entailed the acquisition of 154,832,195 shares for approximately