M&As up 36%, quangos ready to strike

Mergers and acquisitions were up 36% in 2004 with a total value of CYP 102 mln that neared the levels last seen in 2002, while trade unions were ready to strike over collective labour agreements and Nicosia town hall secured its first overseas loan, according to the Financial Mirror issue 602, on January 5, 2005.

Mergers and acquisitions (M&As) staged a healthy rebound in 2004, recovering by 36% to CYP 102.3 mln from 75 mln in 2003, very