Bank of Cyprus Set For Greek Bourse Return, Quitting London
- Bank is seeking new pool of investors after eight years
- Bank of Cyprus was restructured in 2013 after crisis
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Bank of Cyprus Holdings Plc plans to move its listing from the London Stock Exchange back to the Athens bourse in a bid to attract new investors, the country’s largest lender said.
“The move to Athens will give us a greater visibility among a larger group of relevant investors for our profile and facilitate a peer comparison with banks in Greece that have a similar profile to us,” Chief Executive Officer Panicos Nicolaou said in an interview Thursday. It also has the potential to enhance the liquidity of the bank’s stock, he said.