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Acquisition of CTH collapsed

16/06/2011 09:56
The agreement for the acquisition of Clappas Trading House by Alkis H. Hadjikyriakos (Frou-Frou Biscuits) collapsed.

According to an announcement released yesterday, the agreement signed with the shareholders of Clappas Trading House Limited dated 7/4/2011 for the acquisition of 100% of the share capital of the Company on condition that a due diligence will be carried out and it will be approved by the Commission for the Protection of Competition, has been terminated on 14/6/2011 and, therefore, the acquisition will not be carried out.

The main activities of Clappas Trading House focus on the import and distribution of well-known nutrition goods.