3E grabs more than 90% of Lanitis Bros.

Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC) announced that its 100% subsidiary 3E (Cyprus) Ltd has acquired 91.62% of the issued share capital of Lanitis Bros. Ltd. either in response to the Public Offer launched by, 3E (Cyprus) on 27 January 2006, or purchased by 3E (Cyprus) on the Cyprus Stock Exchange since 27 January 2006.

3E (Cyprus) has thus acquired control of Lanitis Bros. at the price of 17.2 cent in cash.

In another development, the Commission for the Protection of Competition approved 3E (Cyprus) Ltd Public Offer for the acquisition of 100% of the Company’s share capital.

3E (Cyprus) had previously announced that it would move to delist LB from the CSE if it managed to gain more than 90% control.