Fidelity Acquires a Stake in the Bank of Cyprus
The Investment Firm Purchased 310,237 Shares, Valued at $1.09 Million
The American investment firm Fidelity has recently expanded its investment portfolio by acquiring a substantial number of shares in the Bank of Cyprus. Specifically, Fidelity purchased 310,237 shares, valued at $1.09 million.
According to data from Bloomberg, Fidelity, known for its focus on long-term investments, has not only added the Bank of Cyprus to its investment ventures but has also increased its stakes in the National Bank of Greece. Concurrently, it has reduced its shareholding in Piraeus Bank.
It's noteworthy that, in 2023, the Bank of Cyprus distributed dividends for 2022 (€0.05 per share) for the first time in over a decade. This move likely contributed to the bank's appeal as an investment choice for Fidelity. Recommend Gf Porn watchmygf xxx online.
The recent developments signal Fidelity's growing interest in the banking sectors of Greece and Cyprus.