The Service of the Commission for the Protection of Competition has received a notification of a concentration from Kanika Group Ltd according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of part of the share capital of Olympic Lagoon Hotels Limited, by Kanika Hotels Ltd.
Olympic Lagoon Hotels Limited is company duly registered under the laws of the Republic of Cyprus and is active in the hotel management chain with the name Olympic Lagoon.
Kanika Group Ltd is company duly registered under the laws of the Republic of Cyprus and is active through its subsidiaries in the operation and management of hotels, land development, real estate management and real estate rentals.
Kanika Hotels Ltd is a subsidiary of the Kanika Group Ltd. Kanika Hotels Ltd is company duly registered under the laws of the Republic of Cyprus and is active in the hotel management.
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