Nicosia Mall deal: How it will work

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Nicosia Mall deal: How it will work
 © In-Cyprus 2019
The Bank of Cyprus appears to have reached an agreement to sell its stake in the Nicosia Mall to a group of Cypriot businesses that have expressed an interest to buy 64% of the mall.

This development first reported by Insider has been indirectly confirmed by the interested companies even though none have yet signed on the dotted line nor is it clear what percentage Zorbas, PHC, Voici La Mode and the Athienitis supermarket will end up taking.

What has emerged is that the 64% will be bought for 96 million euro to be paid as follows: 80 million euro from the revenue of the...


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Nicosia Mall deal: How it will work


The contents of this article including any associated images are © In-Cyprus 2019
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