CTC: CPC approves acquisition of Christis by Vivartia
Cyprus Trading Corporation Public Ltd and Siakolas Group of Companies announce that on April 4, 2007, 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 shareholders of Siakolas Group of Companies.
The enforcement of the agreement signed on December 14, 2006 will lead Vivartia SA to submit a Public Offer for the acquisition of the entire share capital of Christis at the price of 29 cents per share.
The Commission for the Protection of Competition has already announced that the deal is compatible with the competitive market, on the basis of certain commitments by Vivartia SA.
The enforcement of the agreement signed on December 14, 2006 will lead Vivartia SA to submit a Public Offer for the acquisition of the entire share capital of Christis at the price of 29 cents per share.
The Commission for the Protection of Competition has already announced that the deal is compatible with the competitive market, on the basis of certain commitments by Vivartia SA.
