MFS Holdings Public Company Ltd and Stelios Markides filed on February 7, 2007 legal action against Universal Life Public Co Ltd and its Board of Directors, demanding, among other things, losses caused to them from the breach of Board of Directors’ duties in relation to the Public Offers of (a) Schoeller Holdings Limited and (b)
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Referring to the legal action filed by MFS Holdings Public Company Ltd against Universal Life†dated 6/2/2007, Universal Life Insurance Public Company Ltd to announced that MFS is not registered shareholder in the company’s registry and it has not ensured the necessary approvals from the relevant authorities in order to become a shareholder of the
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Marfin Popular Bank announced that following the refusal of Piraeus Bank for a mutual disclosure of information, the shareholders of MPB Powe Capital Management, MFG, The Employees Provident Fund, Laiki Cyprialife, representing in total 8,77% of the capital of the Bank have advised the Board of Directors of the company that they reject the Public
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Ericsson and Turner Broadcasting System International have formed a collaboration under which the users of mobile services and mobile operators will benefit from the companies’ leading positions in mobility and global multimedia content. The two are collaborating to develop Turner’s internet, broadcast news and entertainment content – including CNN International, Cartoon Network and Adult Swim
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Carnival festivities in Cyprus begin on February 8th at the coastal town of Limassol, hometown of the island’s Carnival fiesta, with the entrance parade of King Carnival, who will be dressed this year as the King of Love. The carnival program was presented today by Limassol Mayor Andreas Christou, who promised everyone a joyful eleven-day
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China has not changed its policy towards the Cyprus issue, Ambassador of China to Nicosia Yali Zhao assured Monday, when invited to comment the fact that an aircraft which took off from China, with its reported destination being Adana, Turkey, landed at the illegal airport in Turkish occupied Cyprus. The government of China respects and
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Egypt and Lebanon have not reneged on the agreements they have signed with the Republic of Cyprus research and hydrocarbon exploitation in the sea area of Cyprus, Government Spokesman Christodoulos Pashiardes has assured. Invited to comment on Turkey’s stance and the statements made by Turkish politicians on the oil issue, Pashiardes said that “there is
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Bank of Cyprus and Marfin Popular Bank shifted their takeover war to academic circles this week as the battle to swing public opinion on whether the deal is hostile or friendly took a new turn after MPB officially tabled its proposal at the CSE and BOC described the bid as “irregular†and “not to be
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The European Commission is set to decide on whether to give its approval to a crucial CYP70 mln loan that Cyprus Airways (CAIR) is seeking from the Cyprus government. The decision is expected to be discussed on Wednesday, February 7, 2007, but there may be a delay considering that various directorates have not yet forwarded
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Bank of Cyprus Pcl (BOCY) has clarified that the agreement for the sale of a 28% stake in Universal Life Insurance to Andreas Geroghiou and Photiades Group was signed on July 13, 2006 and since payment has been received and most regulatory permits secured, there is no issue of renegotiation of the said contract. BOCY
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