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Ermes: Price for ARI at €3m

24/01/2014 10:58
The price for the agreement signed with Air Rianta International concerning the sale of 25% that it holds in Cyprus Airports (F&B) stands at €3.1 million, Ermes Department Stores said in an announcement released today. F&B manages and operates the cafes and restaurants at Larnaca and Pafos Airports.

It is noted that the agreement is subject to various approvals including that of the Commission for the Protection of Competition.

This transaction is considered beneficial and its completion will improve the results of Ermes Group.