WL Ross & Co. statement regarding Bank of Cyprus Group
18 Janeiro 2017 - 8:47PM
PR Newswire (US)
ATLANTA, Jan. 18, 2017 /PRNewswire/ -- "In response to
media reports regarding holdings of Bank of Cyprus group by funds managed by WL Ross &
Co. LLC and Wilbur Ross's role
as the Vice-Chairman of Bank of Cyprus Group should he be confirmed
as the Secretary of the United States Department of Commerce, WL
Ross & Co. LLC confirms that Mr. Ross's confirmation will not
impact the funds' shareholdings in the Bank.
WL Ross & Co. will remain actively involved with the Bank
and is in discussions with the Bank regarding Wilbur Ross's replacement on the Board should he
be confirmed.
WL Ross & Co. is pleased with the progress that Bank of
Cyprus' management team is making
regarding the execution of its strategy and looks forward to
continuing to work together."
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SOURCE WL Ross & Co. LLC
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