Bank of Cyprus (BoC) said on Thursday it has appointed the Blackstone Group as its financial advisor to explore and review strategic alternatives available for the Bank’s shareholding in its Ukrainian subsidiary, PJSC Bank of Cyprus.

BoC currently holds a 99.7 per cent indirect stake in the share capital of PJSC, which was acquired in 2008.

PJSC is incorporated under the laws of Ukraine and operates under a general banking license No. 106 issued by the National Bank of Ukraine.

Cyprus Mail

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