Eurom Bank, taken over by Leumi

The only candidate remaining in the run for the purchase of the majority shares of Eurom Bank, the Israeli Leumi bank, will sign this week the contract for taking over the shares. The value of the transaction will not be made public, but it is estimated to be an amount of 70 million Euros, and for the rest of the shares, a public tender for take-over will be organized, according to the capital market laws. Eurom Bank recorded a net profit of 200.000 thousand Euros for the first semester of this year, 80% less compared to the similar period of last year. (B.D.)