Laiki Investment EPEY Public Company Ltd announces that at the meeting held on October 5, 2007, the Board of Directors decided to start the merger procedures with the absorbance of CLR Capital Public Ltd. Laiki Investment will participate in the new Group by 70% and CLR Capital by 30%.
The decision is subject to an ordinary legal – accounting – tax audit, the results of which will be deemed satisfactory by the parties and the agreement as to the terms of the merger plan.
It is also expected that Laiki Brokerage EPEY Ltd, CLR Securities & Financial Services Ltd and Egnatia Financial Services (Cyprus) will merge.
The new Group will be the largest investment services provider in Cyprus.
The decision is subject to an ordinary legal – accounting – tax audit, the results of which will be deemed satisfactory by the parties and the agreement as to the terms of the merger plan.
It is also expected that Laiki Brokerage EPEY Ltd, CLR Securities & Financial Services Ltd and Egnatia Financial Services (Cyprus) will merge.
The new Group will be the largest investment services provider in Cyprus.
Friday, 5 October, 2007 - 12:49