Deutsche Bank has completed the sale of Laiki Bank‘s 4.8% stake in Bank of Cyprus, consisting of 21.5 million shares, at €4.57 per share. The transaction will benefit Laiki Bank’s creditors who suffered losses during the 2013 banking crisis. Administrator Avgoustinos Papathomas finalised the sale following an earlier disposal in 2017, when then-administrator Kleovoulou Alexandrou … Continue reading Laiki haircut creditors to receive €90.9m from Bank of Cyprus share sale