Morgan Stanley becomes a shareholder of Bank of Cyprus

FILE PHOTO: The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California, Sept. 24, 2013. REUTERS/Mike Blake/File Photo

Strange as it may sound, a $ 7 billion deal on the other side of the Pacific affects the Bank of Cyprus’ shareholder structure. 
The reason for the acquisition of investment Eaton Vance by Morgan Stanley, one of the largest banks in the world. Eaton Vance is one of the oldest investment companies in the USA and among the trillions it has invested over time, shares in Bank of Cyprus are included.
Morgan Stanley considers that the addition of Eaton Vance to its investment scheme is a very good move for this and will pay a premium of 38% to its shareholders to acquire it.
According to the published data, Eaton Vance controls 3.46% of the share capital of Bank of Cyprus and is the sixth-largest shareholder after Lamesa Investments (Renova Group) 9.27%, Caius Capital 2.34% and 5.66% through financial instruments, EBRD 5.02%, Laiki Bank 4.81%, Senvest 3.67%.
It is easy to understand that for the size of Eaton Vance and much more of the giant Morgan Stanley, the investment in Bank of Cyprus is small, however, we will wait for the next period to see how it will move in relation to the specific investment that acquires.