CTC: Final sale agreement of 46% of Christis to Vivartia S.A.
Following the announcement on 24.7.2006, the Cyprus Trading Corporation Public Ltd (CTC) would like to inform its shareholders and the investing public in general that it has signed a final agreement for the sale of 46% of Christis Dairies Public Ltd shares to Vivartia S.A. (Delta), that are possessed by the CTC and other shareholders of Shakolas Group of Companies.
After the completion of Due Diligence, the final price has been set at 29 cent per share. The agreement will be subject to the Commission for Protection of Competition approval.
As soon as the approval of agreement from the CPC is ensured, Vivartia S.A. will proceeds in the submission of Public Offer for the acquisition of 100% of Christis Dairies Public Ltd shares at 29 cent per share, according to the relative Stock Exchange regulations.
After the completion of Due Diligence, the final price has been set at 29 cent per share. The agreement will be subject to the Commission for Protection of Competition approval.
As soon as the approval of agreement from the CPC is ensured, Vivartia S.A. will proceeds in the submission of Public Offer for the acquisition of 100% of Christis Dairies Public Ltd shares at 29 cent per share, according to the relative Stock Exchange regulations.
