BOC to bid for Emporiki, Marfin snaps up Laiki shares

Bank of Cyprus has shown interest to bid for Emporiki Bank prompting Credit Agricole to up its offer, while Marfin continues to snap up Laiki shares during the closed period and could face fines if the SEC decides to enforce the law, according to the issue 676, on June 21, 2006.

Bank of Cyprus is expected to submit a bid close to the current market price of Emporiki Bank, or EUR 26.50 a share or up to 28.00, matching the offer submitted by Credit Agricole to

BOC Emporiki bid: