Hellenic Bank Public Company Limited (CSE:HB) signed a sales and purchase agreement to acquire CNP Cyprus Insurance holdings Ltd. from CNP Assurances SA for approximately ?180 million on July 9, 2024. The transaction is subject to approval by regulatory board / committee and subject to antitrust regulations. The transaction is expected to be completed by Q1, 2025.

BNP Paribas SA acted as financial advisor for Hellenic Bank Public Company Limited. Ioannides Demetriou LLC acted as legal advisor for Hellenic Bank Public Company Limited. Deloitte Central Europe Ltd. acted as accountant for Hellenic Bank Public Company Limited. Cronje & Yiannas Actuaries and Consultants Ltd acted on the actuarial and HR matters for Hellenic Bank Public Company Limited.