The CSE Council decided, following the Company’s request and the successful Public Offer made by Kania Holdings, to delist Hawaii Hotels Pcl (HAH) shares from trading on the CSE. Kania submitted a cash bid of 18 cent per share to acquire 100% of Hawaii Hotels for a deal value of CYP 8.1 mln based on
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The Board of Directors of New Marathon Tours (NMT) announced the agreement that its subsidiary, ONT CARPATI has signed with GHES (owner of luxury 5-star hotel Grand Marriot in Bucharest) and the major shareholder of GHES, STRABAG. The agreement concerns the payment of a loan of EUR 26 mln, which has been granted by ONT
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PrimeTel, the strategic partner of the EAC in the telecommunications sector is to launch its Triple Play service initially aimed at 170.000 households by the beginning of April. Hermes Stephanou, Managing Director of PrimeTel said during the company’s first official presentation that the Triple Play service (voice, data & picture) will be competitively priced and
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University application in two weeks’ time Cyprus College, soon to be renamed as Cyprus International University, announced on Thursday that it has made an agreement with a strategic partner in a bid to establish itself as a regional academic centre. Laureate International Universities (LIU), the largest international network of universities in the world, with market
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Cypriot tennis sensation Marcos Baghdatis will not be alone when he faces world champion Roger Federer in the 14.5-mln-dollar Australian Open in Melbourne on Sunday. Parliament leader Demetris Christofias announced after the weekly regular session of the House Thursday that the state will pay for Baghdatis’ family to travel to Melbourne. All of the political
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Filoktimatiki decided to cut the 2005 dividend to 2.25 cent per share from 3.75 cent per share in 2004 following a decline in net profits for the year due to a drop in contracts under construction. Despite the cut, the dividend yield remains at a highly attractive 4.5% based on the 49.0 cent per share
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Alkis Hadjikyriakos (Frou-Frou) Biscuits, the island’s largest biscuits, chocolate and cereals manufacturer and importer/distributor announced an increase in its final dividend to 0.37 cent per share for 2005 from 0.36 cent per share in 2004 following the announcement of better results. Based on the CSE price of 13.5 cent per share, the dividend yield amounts
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MFS Holdings Public Co. may become the first Cypriot listed company to engage in a share swap with a Greek listed company if the plans announced by both companies proceed as planned. Keramia Allatini A.V.E.T.E., a Greek company established since 1888 and listed on the Athens Stock Exchange since 1964 announced on Monday that it
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