Clarifications on merger of HB (Finance) with HB
13/1/2010 9:27
Further to the previous announcement dated November 30, 2009, Hellenic Bank Public Company Ltd announces the following:
1. On January 11, 2010, the Nicosia District Court issued a decree to Application No. 898/09, which ratified the Transfer Agreement by virtue of Reorganization dated 24.12.2009 between Hellenic Bank (Finance) Ltd and the Bank. According to the ratified agreement, the Bank will undertake all assets and liabilities of Hellenic Bank (Finance), the total business as a going concern, the rights, interests and the ownership of Hellenic Bank (Finance).
2. The Transfer Agreement by virtue of Reorganization and each one of its provisions will be adopted within 60 days from the issue of the decree and the date will be determined in a certification that will be submitted to the Companies’ Superintendent. From the date of enforcement, Hellenic Bank (Finance) will be dissolved without liquidation.
3. As a result of the absorbance, the activities of Hellenic Bank (Finance) will be carried pout by the Bank itself.
1. On January 11, 2010, the Nicosia District Court issued a decree to Application No. 898/09, which ratified the Transfer Agreement by virtue of Reorganization dated 24.12.2009 between Hellenic Bank (Finance) Ltd and the Bank. According to the ratified agreement, the Bank will undertake all assets and liabilities of Hellenic Bank (Finance), the total business as a going concern, the rights, interests and the ownership of Hellenic Bank (Finance).
2. The Transfer Agreement by virtue of Reorganization and each one of its provisions will be adopted within 60 days from the issue of the decree and the date will be determined in a certification that will be submitted to the Companies’ Superintendent. From the date of enforcement, Hellenic Bank (Finance) will be dissolved without liquidation.
3. As a result of the absorbance, the activities of Hellenic Bank (Finance) will be carried pout by the Bank itself.
