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Economy · Cyprus
CTC increases its stake in Ermes to 86.28% after buyout offer.
2 sourcesFirst reported 7 days agoUpdated 7 days ago
Right 100%
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What all sources covered
- CTC has increased its direct stake in Ermes Department Stores Plc to 86.275% after completing its mandatory takeover bid.
- The acquisition was aimed at securing control over the remaining shares of the retailer.
- Preliminary results confirmed the increase in CTC's shareholding following the offer to Ermes shareholders.
- The announcement regarding this development was made by CTC on July 15, 2026.
2 sources
Who reported first
PhilenewsFirst
Cyprus Mail+57m
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