January 26, 2007 ASPIS PRONIA GENERAL INSURANCE S.A. informs the investing public that the Central Bank of Cyprus with the letter of its Governor Mr. Ch. Christodoulou dated January 26, 2006 approves according to the provisions of article 17 regarding Banking services Law of the Cyprus Republic, the acquisition minimum by 20% and maximum by 50% plus one share of the share capital of Universal Bank Public Company Ltd by ASPIS PRONIA GENERAL INSURANCE S.A. and Commercial Value SA.
It should be reminded that the two companies of the ASPIS Group have jointly submitted a public offer for the acquisition of Universal Bank PCL at the price of 1.10 Cyprus pounds per share.
ASPIS PRONIA GENERAL INSURANCE S.A. will inform the investing public for any further developments on the issue.
