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A Cypriot woman uses the cash machine 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
Minimum price 50PLN
arch8
2006-06-22
AFP/EAST NEWS
AFP
HASAN MROUE
000_Nic65411
0,6MB
22cm x 14cm przy 300dpi
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