Marfin Popular Bank Public Co Ltd, announces that its subsidiary INVESTMENT BANK OF GREECE, completed an important investment banking deal with "Louis Plc" and "Clin Company LTD" regarding the sale of the 64,28% of the share capital of "The Cyprus Tourism Development Public Company Ltd", owner of the prestigious Hilton Cyprus hotel in Nicosia.
The agreement provides that the final buyers will be companies among the Marfin Popular Bank Group or the main shareholders, and is subject to due diligence satisfactory to the buyers as well as the approvals of the applicable supervisory authorities. The Louis Group will keep 20% of the company since both sides consider the agreement as a first step of cooperation in the region of Southeastern Mediterranean.
Hilton Cyprus is a luxurious five star resort hotel, located close to Nicosia''s historical centre. The six- floor hotel, features 298 rooms, conference centre, business centre and ballrooms.