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Hadjiioannou Farm: Sale of Perdios completed

Perdios Poultry Farm Ltd, subsidiary of Renos Hadjiioannou Farm Ltd, is no longer part of the Group from January 1, 2005. On the same date, the new owner, I&K Scoumbris Ltd held 12.66% of Renos Hadjiioannou Farm Ltd and its Manager, Mr. Ioannis Scoumbris, is one of the managers of Renos Hadjiioannou Farm Ltd.

It has been an arms length transaction, taking into account the accounting values of the two companies. In order to determine the value of properties of Perdios Poultry Farm Ltd, the company used an independent valuator.
Tuesday, 11 January, 2005 - 10:02