You're reading: Reuters: Bank of Cyprus assesses lower offer from Alfa for Ukraine unit

Bank of Cyprus BOC.CY said on Monday it is "positively viewing" a revised offer to sell its Ukrainian subsidiary to Alfa Group, although the price is thought to be lower than initially agreed. The Cypriot lender announced in January that it would sell its loss-making PJSC Bank of Cyprus unit in Ukraine for 225 million euros to ABH Ukraine Ltd., part of Russia's Alfa Group.

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