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 part of the share capital of Athiari Commercial (Paphos) Ltd, via ILERA Properties Ltd.
Saywear Ltd is a company duly registered under the laws of Cyprus and its main activities are related to the retail trade of clothing, shoes and related accessories, as well as with the trade of houseware through the brands Zara, Pull & Bear, Massimo Dutti, Oysho, Bershka and Zara Home. In addition through holding companies, Saywear Ltd is active in the sector of immovable properties.
Athiari Commercial (Paphos) Ltd is a company duly registered under the laws of Cyprus and is active in the development of immovable properties and was involved in the construction of the shopping centre KINGS AVENUE MALL and its only activity is the ownership and/ or operation and/ or development of this shopping centre.
ILERA Properties Ltd is a special purpose vehicle duly registered under the laws of Cyprus.