The Service of the Commission for the Protection of Competition has received a notification of a concentration according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of Hellenic Alico Life Insurance Company Ltd share capital by Hellenic Bank Public Company Ltd.
Hellenic Bank Public Company Ltd is duly registered under the laws of the Republic of Cyprus. Hellenic Bank Public Company Ltd is a credit institution operating under the supervision of the Central Bank of Cyprus and the European Central Bank.
Hellenic Bank Public Company Ltd and its subsidiaries is part of the Hellenic Bank Goup. The Group is active is the provision of banking services, of personal and corporate insurance contracts and management of properties acquired through dept to asset swaps.
Hellenic Alico Life Insurance Company Ltd is a company duly registered under the laws of the Republic of Cyprus. Hellenic Alico Life Insurance Company Ltd is a joint venture of Hellenic Bank and American Life Insurance Company (via MetLife Services Cyprus) and is active in life insurance including general insurance and health contracts.