Top Bank of Cyprus Investors Said to Explore Sale of Stake (2)

Two of the top investors at Bank of Cyprus Holdings Plcare exploring a sale of their stakes in the country’s biggest bank, according to people with knowledge of the matter.

AB CarVal Investors and Caius Capital are working with an adviser to gauge interest in their combined 15% holding, said the people. They have approached potential buyers including Greece’s Alpha Bank SA, the people said, asking not to be identified because the information is private.

Their stakes are worth about £233 million ($294 million) based on Thursday’s closing price in London. Shares in Bank of Cyprus rose to ...