Marfin Popular Bank Public Co Ltd announced that its Board of Directors decided to proceed with the acquisition of the total share capital of Marfin Bank ATE from Marfin Financial Group S.A. Holdings S.A., for the total amount of EUR 616.533.000. The consideration has been set in accordance with the valuation report of the accounting
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Cyprus Trading Corporation Public Ltd and NK Shacolas Group of Companies announced that the Commission for the Protection of Competition approved the agreement with the Greek company Vivartia SA, according to which Vivartia acquires 46% of the shares of Christis Dairies Public Ltd at the price of 29 cent per share by CTC and other
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Cyprus Government Spokesman Christodoulos Pashiardis said on Thursday that it would be an unpleasant development if the puppet regime in the Turkish occupied areas of Cyprus opened a commercial office in Kuwait but underlined that this development does not necessarily give the pseudostate any legality. “If, in the end, the pseudostate intends to open up
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CLR Capital Public Ltd has reached an agreement with Marfin Popular Bank Public Ltd for the settlement of its obligations, claims and counterclaims between the two sides. According to the agreement, the total obligations to Marfin Popular Bank Public Co Ltd have been set at CYP11.7 mln. The settlement provides for the payment of the
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Dolphin Capital Atlantis Ltd has acquired a controlling 79.59% stake in Aristo Developers (ARD) and has expressed its intention to submit a public offer to increase its stake to 100% at the price of EUR 2.15 per share, valuing Aristo Developers at EUR 288.6 mln.Dolphin Capital Atlantis is a Cypriot company 100% subsidiary of Dolphin
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All 1200 passengers and 400 crew on board the Cyprus-owned Louis Sea Diamond that ran aground off the Aegean island of Santorini Thursday have been rescued and are safe. The cruise ship, that was sailing at near-capacity, suffered a hull breach when it ran aground one nautical mile from the port of Santorini, news reports
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The new Cyprus Central Bank Governor will probably be named in the next 10 days, said Finance Minister Michalis Sarris on the sidelines of a press conference on euro awareness. “It is up to President Tassos Papadopoulos to make the appointment,†said Sarris clarifying that he is not a candidate for the post. The term
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The Board of Directors of Aspis Holdings Pcl (MFS) has given new information in follow up to its announcement on March 29, 2007 for the submission of a public offer for the acquisition of 50% plus 1 share of the share capital of Leda Investment Public Company Ltd with a proposed consideration of CYP0.0815 per
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Aspis Holdings Public Company Ltd announced the acquisition of 95% of the share capital of Aspis Liv Forsakrings AB and its subsidiary, Aspis Fastighets AB based in Sweden. Aspis Liv Forsakrings AB has Aspis Capital SA (85.5%) and Aspis AEGA (9.5%) as major shareholders, which belong to Pavlos Psomiades, Chairman of the Company’s Board of
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The Board of Directors of Aspis Holdings Public Company Limited decided to submit a Public Offer for the acquisition of 50% plus 1 share of the share capital of Laser Investments Public Limited at a proposed consideration of 6.39 cents or EUR0.11 per share cash. The bid, if successful value Laser at EUR 1.38 mln,
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