Sha­co­las in­vests in Chris­tis, Mar­itime Cyprus

Financial Mirror (Cyprus) - - FRONT PAGE -

Deal­maker Ni­cos Sha­co­las was at it again, this time tak­ing a 50% stake in Chris­tis Dairies, while the pro­duced a spe­cial sup­ple­ment on Mar­itime Cyprus in is­sue 129, on Septem­ber 27, 1995.

Ni­cos Sha­co­las main­tained his cor­po­rate takeover ac­tiv­ity with his flag­ship NKS Hold­ings tak­ing a 50% stake in Chris­tis Dairies by beat­ing seven other bid­ders. With an­nu­als turnover of CYP 10 mln, Chris­tis is ex­pected to in­crease sales and pro­duc­tion af­ter the deal, said Man­ag­ing Di­rec­tor

Chris­tis

deal:

Exe-Ex­cel­lent

IPO:

Exe-Ex­cel­lent Man­aged Fund has strong in­ve­stir in­ter­est for its IPO of 3.2 mln shares at 25c each, ac­cord­ing to driv­ing force Ni­cos Efrem, adding that 1 mln shares have al­ready been un­der­writ­ten by Eth­niki Stock­bro­kers of Greece.

EU-Cyprus di­a­logue:

A joint meet­ing be­tween Cypriot and EU min­is­ters as­serted that leg­is­la­tion is be­ing amended “at a speedy pace” to com­ply with the ‘ac­quis com­mu­nau­taire’, in par­tic­u­lar with mat­ters re­lat­ing to jus­tice and in­ter­nal

BOC in Greece:

Fi­nance Min­is­ter Christodou­los Christodoulou in­au­gu­rated the new Bank of Cyprus branch in Irak­lion in Crete, where board Chair­man Solon Tri­antafyl­lides said that the bank will soon be re­garded as “the eight big­gest com­pany on the ASE.”

Qual­ity in ship­ping and the in­ter­na­tional safety code ISM were the main themes of this year’s 4th Mar­itime Cyprus Con­fer­ence, for which the Fi­nan­cial Mir­ror pro­duced the first-ever ded­i­cated sup­ple­ment, in co­op­er­a­tion with Cypronet­work. The sup­ple­ment found that “prospects are ex­cel­lent”, ship­ping ac­counted for 9.5% of cur­rent ac­count re­ceipts, the Cyprus flag ranked forth world­wide with 2,600 ves­sels and out­put of 25 mln tonnes, tanker own­ers called for greater safety mea­sures, and “au­to­ma­tion is the fu­ture”.

Mar­itime con­fer­ence:

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