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CLR: Preliminary agreement for cooperation with SAFS

CLR Financial Services Limited announces that it has reached a preliminary agreement with Severis & Athienitis Limited aimed at starting talks for a strategic cooperation in the financial sector. The main aim of the cooperation is the development of operations and the reduction of operating expenses.

It is clarified that the said agreement concerns the operational structure of the companies and does not provide for any share structure differentiations.

More details will be announced following the signing of the final agreement.
Friday, 28 February, 2003 - 10:25