The CSE Council approved the Public Offer Document by 3E (Cyprus) Ltd for the acquisition of a minimum of 50.6% and up to a maximum of 100% of the share capita of Lanitis Bros. Public Co. at a consideration price of 17.2 cent per share. The period of acceptance of the Public Offer by the

SFS Group Public Company Ltd announced that the public offer for the acquisition of a minimum 50% plus 1 share and a maximum 100% of the issued share capital of CyVenture Capital Public Company Ltd ended successfully on January 25, 2006. The total rate of acceptance of the Public Offer by the shareholders of EXE

The share price of Universal Bank (USB) rallied 2.9% on Friday to 70 cent per share after Universal Life Public Co. confirmed a Financial Mirror report that it had reached a deal to sell its controlling stake in USB to a German shipping group. UL announced that it had reached a deal with Schoeller Holdings

Businesses in Cyprus appear to have been the main contributors to the state budget in 2005, as a sharp rise in both defence tax (the “special contribution for defense” [sic]) and corporate tax lined government coffers. Total revenue came in at CYP 667.2 mln, according to the Inland Revenue Department, recording a rise of 11.7%

In one of the biggest sales of a website name, Sex.com has changed hands for 12 mln dollars, its new owners said. The group of Boston-based investors said they plan to use the instantly recognizable name to create “a market-leading adult entertainment destination by offering compelling, next-generation web interaction experiences.” The site was owned by