CTC lifts stake in Ermes Department Stores to 86%
- Location
- Cyprus · 🇨🇾 Cyprus
- Sector
- Retail
- Organisations
- Cyprus Trading Corporation (CTC) ↔ Ermes Department Stores
- Transaction
- Mandatory takeover bid
- Volume
- not disclosed
- Status
- completed
Cyprus Trading Corporation has completed its mandatory bid for Ermes Department Stores, submitted on 2 Apr 2026 and expired on 13 Jul 2026: acceptances for 9.14% of the shares (15,957,667) lift its holding from 77.21% to 86.36% (150,697,714 shares). The report gives no price; accepting shareholders were paid on 23 Jul 2026 (Cyprus Mail, 27 Jul 2026).
Source: cyprus-mail.com ↗ · Archived copy ↗
Evidence: one source · archived copy saved · How well sourced is Eurotrack?
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