Europrofit Buys into Euroinvestment
Europrofit Capital Investors Ltd. announced that it has reached an agreement with the two major shareholders of Euroinvestment & Finance Ltd. for acquisition of 19.88% of its share capital. The Piraeus Bank and N.K. Shacolas (Holdings) Ltd. agreed to sell 2.380.00 shares (at CYP 2.216 per share) and 1.200.000 shares (at CYP 2.200 per share) respectively. Piraeus Bank, N.K. Shacolas (Holdings) Ltd. and the Cyprus Development Bank will remain substantial shareholders in Euroinvestment.
During its history spanning twenty years, Euroinvestment has developed activities with emphasis on financing and has showed a steady growth rate. Its services include leasing, credit, business credit facilities, personal loans, loans for investments, investment banking advisory services and others. The company is listed on the CSE under the Financial companies section of the index.
Europrofit’s move in acquiring a substantial percentage of Euroinvestment’s capital is within the company’s strategic plans in playing an important role in the financial products market in Cyprus. By the participation of Europrofit in the capital of Euroinvestment another strategic partner is added to the company with prospects of cooperation with existing shareholders for the benefit of the company, which will ultimately increase Euroinvestment’s prospects in specialised financial services and products.
During its history spanning twenty years, Euroinvestment has developed activities with emphasis on financing and has showed a steady growth rate. Its services include leasing, credit, business credit facilities, personal loans, loans for investments, investment banking advisory services and others. The company is listed on the CSE under the Financial companies section of the index.
Europrofit’s move in acquiring a substantial percentage of Euroinvestment’s capital is within the company’s strategic plans in playing an important role in the financial products market in Cyprus. By the participation of Europrofit in the capital of Euroinvestment another strategic partner is added to the company with prospects of cooperation with existing shareholders for the benefit of the company, which will ultimately increase Euroinvestment’s prospects in specialised financial services and products.
