Eurobank Takes Command with Over 98% Stake in Hellenic Bank

by News Editor

April 11, 2025

In a significant corporate development, Eurobank recently completed its mandatory public offer to significantly increase its stake in Hellenic Bank, now owning a substantial 98.46% of the bank’s issued share capital. This move follows the public offer, which closed on April 9, 2025, adding 4.99% to Eurobank’s previous 93.47% stake.

Over the coming months, Eurobank plans to exercise its squeeze-out right, aiming for full acquisition. As outlined in their takeover announcement, the bank intends to acquire all remaining shares at a price of €4.843 each.

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This transaction, completed with Cyprus Investment and Securities Corporation Limited (CISCO) serving as the advisor and underwriter, is set to reshape the Cypriot banking landscape, aligning with broader trends in regional economic transformations.

Upon completion, Eurobank’s acquisition will mark a pivotal moment in Cyprus’ financial scene. The increase in ownership follows regulations under the Public Takeover Bids Law, ensuring compliance throughout the process.

The acceptance rate for this takeover bid stands at 4.989%, with attention to final verification potentially leading to minor adjustments. Stay tuned as we monitor this significant acquisition and consider its implications for the dynamic Cypriot market.

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Cyprus Property Deals Reach €286 Million Despite Second-Quarter Uncertainty

by THEFUTURE.TEAM

July 28, 2026

Cyprus’ high-end property market remained active in the first half of 2026, although geopolitical uncertainty may have weighed on investment activity during the second quarter.

€286.4 Million Across The 50 Largest Deals

Property transactions worth a combined €286.4 million ranked among Cyprus’ 50 highest-value deals completed between January and June, according to real estate analytics firm Ask Wire.

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Examining the country’s biggest sales across all districts, the report found that the 10 largest transactions alone accounted for €161.7 million, highlighting the concentration of activity at the upper end of the market.

Limassol Extends Its Lead

A €55 million sale involving a building and adjoining fields in Moni was the largest property transaction recorded during the period.

Six of the country’s 10 biggest deals took place in Limassol, with a combined value of €117.2 million. Paphos followed with three transactions worth €35.5 million, while Larnaca recorded one €9 million sale.

Across the broader ranking, Limassol’s 10 largest transactions reached €148.2 million, representing 51.7% of the total value of the top 50 deals. Paphos followed with €68.8 million (24%), while Nicosia recorded €26.7 million. Famagusta narrowly surpassed Larnaca, reaching €21.4 million compared with €21.2 million.

Land Continues To Drive High-Value Deals

According to Ask Wire CEO Pavlos Loizou, land acquisitions continue to dominate Cyprus’ largest property transactions.

“The land market dominates the list of the 10 highest-value property transactions, with seven sales involving fields and plots.”

Many of those sites are expected to be developed into luxury residential and hospitality projects, he added.

Office Demand Remains Strong

Growing demand for office space also reflects the expansion of international companies establishing operations in Cyprus, Loizou said.

“We continue to observe growing demand for office properties, reflecting the expansion of the new ecosystem of international companies that has been establishing itself in Cyprus in recent years.”

Eight of the 10 largest transactions were completed during the first quarter of 2026, with activity slowing in the following three months.

Loizou said the slowdown may reflect investor caution linked to the conflict in the Middle East, which appears to have influenced investment decisions during the second quarter.

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