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Alpha Bank Finalizes Definitive Agreement for Full Acquisition of AXIA Ventures Group Ltd

Overview Of The Transaction

Alpha Bank, in collaboration with its subsidiary Alpha Finance Investment Services S.A., has announced the signing of the definitive agreement to acquire 100% of AXIA Ventures Group Ltd. This strategic move is designed to create a leading investment banking and capital markets platform across Greece and Cyprus.

Strategic Rationale And Timeline

The agreement, which follows an initial understanding reached on March 31, is slated to be finalized within the second quarter of 2025, pending the necessary supervisory approvals. By consolidating AXIA with Alpha Finance and Alpha Bank’s Investment Banking unit, the new entity will leverage M&A advisory services, capital market issuance (ECM/DCM), and securities transactions to drive enhanced value for corporate clients.

Leadership Integration And Synergy

Maintaining strategic continuity, AXIA’s senior management will assume long-term leadership roles within the unified organization. This integration underscores a commitment to aligning operational capabilities and expanding service offerings, a critical element in accelerating high value-added activities and strengthening fee-based revenues.

Financial Impact And Performance Metrics

According to the bank’s announcement, the acquisition is expected to boost earnings per share (EPS) by 1.4% and deliver a return on invested capital (RoIC) above 20%. The capital impact on the CET1 ratio is projected to remain limited, affecting less than 20 basis points.

Future Outlook And Communication

This pivotal transaction reinforces Alpha Bank’s strategic initiatives, positioning the institution to better serve its corporate clientele and expand its market leadership in high-growth sectors. The bank remains committed to ongoing communication with the investment community in alignment with regulatory requirements.

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

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.

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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