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MERGERS OF COOPERATIVE SOCIETIES

October 05 2017

Following the economic crisis, Cyprus witnessed the merging of several cooperative societies, mainly cooperative credit institutions. These mergers reduced the total number of cooperative credit institutions from over 300 to just 18. However, in July 2017 a second merger took place which saw the 18 institutions merged into a single entity. This update briefly examines the procedure to be followed for the merging of cooperative societies.


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