ANNOUNCEMENT

Following the announcement of the company C.C.C. Tourist Enterprises Public Company Ltd dated 12/04/2021, regarding the agreement for the sale of the 24,98% of the shares held in Parklane, the company announces that the impact of the agreement has been recognized in the company’s Financial Statements for the year ended 31 December 2020, in the…

AGREEMENT OF ITS SUBSIDIARY C.C.C.TOURIST ENTERPRISES PUBLIC COMPANY LTD FOR THE SALE OF 24,98% OF THE SHARES OF PARKLANE HOTELS LIMITED

The Cyprus Cement Public Company Ltd announces that the Agreement of its subsidiary C.C.C. Tourist Enterprises Public Company Ltd for the sale of the 24,98% of the issued shares held in Parklane Hotels Limited has been completed. Parklane is the owning company of the luxurious hotel complex Parklane, a Luxury Collection Resort & Spa, Limassol.…

SALE OF 24,98% OF THE SHARES OF PARKLANE HOTELS LIMITED

Following the announcements of the Company, regarding the Memorandum of Understanding signed between C.C.C. Tourist Enterprises Public Company Ltd, Emerald Coast Properties Ltd and Invel Real Estate Management (Cyprus) Ltd, for the possible acquisition of 100% of the issued shares of Parklane Hotels Limited, the Company announces that the acquisition of 100% of issued shares…