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EN_01085661_2048

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Cypriot women use the cash machines of Bank of Cyprus in downtown Nicosia, 22 June 2006. The Bank of Cyprus (BoC), the east Mediterranean island's largest bank, announced today it was making a cash and share bid for the Greek Emporiki Bank which valued the target at around 3.8 billion euros (4.8 billion dollars). The offer exceeds a rival 3.1-billion-euro bid by the French bank Credit Agricole last week to acquire 100 percent of Emporiki, Greece's fourth largest lender. Analysts believe the intervention of BoC could set off a bidding war with the French bank, while others have questioned how the smaller Cypriot bank will be able to support its bid. AFP PHOTO/HASAN MROUE

special instructions

Minimum price 50PLN

headline arch8

created date 2006-06-22

credit AFP/EAST NEWS

source AFP

byline HASAN MROUE

original transmission reference 000_Nic65409

weight 0,46MB

size 20cm x 14cm by 300dpi

keywords - Show

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