Laiki invites advisors ahead of disposing IBG, two other units

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By Stelios Orphanides

The Cyprus Popular Bank Plc Co Ltd, the defunct lender known as Laiki, said that it was inviting tenders for advisory services for the sale of its Greek unit, the Investment Bank of Greece (IBG) and two other subsidiaries in Greece.

The two other units are CPB Asset Management AEDAK and Laiki Factors and Forfeiters S.A., Laiki, which went out of business in March 2013, it said in an advertisement scheduled for Tuesday in the Cypriot press.

The deadline to submit applications to participate in the tenders expires on June 30, 2017 at 15:00 pm, the former lender said. “The interested economic operators can obtain the terms of reference until June 16, 2017 from the offices of CPB, 154 Limassol Avenue, 2025 Nicosia, Cyprus or via email addressing their request to [email protected]

Additional information is available at the office of the special administrator Cleovoulos Alexandrou at 22811005.

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About Author

Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]