Liberty Life Insurance Pcl (LIB) is expected to merge with Aspis Pronia (Cyprus) Ltd, following the successful acquisition of 50% plus one share of MFS issued share capital by Aspis Group S.A.. The merger is expected to be completed by November 2006. MFS holds a 50.06% stake in Liberty Life Insurance Pcl but the deal

Logicom Pcl (LOG) has reached a payment settlement for the amount of CYP 1.38 mln owed by a one of its Dubai debtors. The amount will be repaid in instalments within a three-year period, with the debtor having provided LOG with guarantees for the payment of the amount. Regarding the remaining amount of CYP 1.36

Louis plc announced Friday that it has agreed to buy the mid-size luxury cruise ship Orient Queen in a USD 22 mln bareboat/hire purchase deal. The announcement said that the lease is for five years but the deal comes with a six month incentive, whereby any monthly fee paid to the previous owner, German-based Orient

Caramondani Bros. Pcl (CAR) announced that first half profit tripled, helped in part by higher sales, as well as profit from property sales, and although the company warned that second half profit will not match the performance reported in the first half, but overall, total profit for 2006 will exceed the profits of 2005. Caramondani