Oxalis Holding S.à R.L. agreed to acquire Cypriot Credit Acquiring Company from Hellenic Bank Public Company Limited (CSE:HB) on April 11, 2022. In a related transaction, Themis Portfolio Management Limited entered into agreement to acquire Aps Debt Servicing Cyprus Ltd from Hellenic Bank Public Company Limited on April 11, 2022. The transaction is subject to regulatory and antitrust approvals and consents and is expected to close by the end of 2022.

The transactions is expected close in early 2023. The transactions are expected to be capital accretive. Barclays Bank PLC acted as the lead financial advisor, PricewaterhouseCoopers acted as technical financial advisor, Allen & Overy LLP and Clifford Chance LLP advised on international legal matters and Georgiades & Pelides LLC on Cypriot law matters to Hellenic Bank.