The Service of the Commission for the Protection of Competition has received a notification of a concentration, according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of the share capital of the company Hotel and Enterprises Plaza Ltd by Altantica Leisure group Ltd, via Agasias Greek Properties Ltd.
Atlantica Leisure Group Limited is a company duly registered under the laws of Cyprus and its main activities are related to the hotel sector in Cyprus.
Agasias Greek Properties Ltd is a company duly registered under the laws of Cyprus, that remained inactive until now and it will be used only for this concentration. Agasias Greek Properties Ltd is a wholly owned subsidiary of Atlantica Leisure Group Limited.
Hotel and Enterprises Plaza Ltd is a company duly registered under the laws of Cyprus and its only activity is the ownership and operation of Miramare Beach Hotel in Limassol.