Orphanides: Information on press reports
11/2/2013 16:47
We wish to inform the investing public that the Receivers – Administrators have released an announcement to the press, requesting by the interested parties to express their interest in a possible sale of the business or assets of the Company.
With the expression of interest and following the signing of a confidentiality document, the interested parties will have the opportunity to examine the data collected and placed in a bank of information which has been prepared for the best possible preparation of the submission of bids.
A new announcement will be released soon, which will determine the expiry date of all procedures and the receipt of bids via sealed envelopes.
With regard to the reports about the concession of use to Elomas, we wish to inform you that on January 14, 2013 the Company proceeded with the signing of an agreement, giving the right to use of the supermarket as formed after the refurbishment in Nicosia Shopping Mall to B4B Care Ltd. The Receivers – Administrators examine and evaluate the agreement and if necessary they will take measures to protect the interests of the lenders, the creditors and the shareholders.
With the expression of interest and following the signing of a confidentiality document, the interested parties will have the opportunity to examine the data collected and placed in a bank of information which has been prepared for the best possible preparation of the submission of bids.
A new announcement will be released soon, which will determine the expiry date of all procedures and the receipt of bids via sealed envelopes.
With regard to the reports about the concession of use to Elomas, we wish to inform you that on January 14, 2013 the Company proceeded with the signing of an agreement, giving the right to use of the supermarket as formed after the refurbishment in Nicosia Shopping Mall to B4B Care Ltd. The Receivers – Administrators examine and evaluate the agreement and if necessary they will take measures to protect the interests of the lenders, the creditors and the shareholders.
