In the context of the implementation of the Commitments undertaken by The Cyprus Republic towards the European Commission, an agreement was signed on 24/04/2020 to sell 49% of the share capital of Altamira Asset Management (Cyprus) Limited.
The agreement relates to the sale to Altamira Asset Management S.A., 490 Class “A” shares, with a nominal value of € 1.00 each, held by the Cooperative Asset Management Company Ltd (SEDIPES).
The agreed sale price was set at € 4.5 million and confirmed by an independent expert as compliant with market conditions provided by the Commission for the Protection of Competition.
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