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Astra Acquires 51% of Kitsios

The company Astra Self Drive Cars Ltd., further to its announcement of the 12 March 2001, announced that on the 16 March 2001 it reached an agreement for acquisition of 51% of the share capital of A.C. Kitsios Motors Ltd.

A.C. Kitsios Motors Ltd. is a used Japanese car import company. It is anticipated that the acquisition will contribute to the group’s turnover over CYP 8 million and profits 0f over CYP 500.000.
Monday, 19 March, 2001 - 00:00