Cyprus Company News

Privately-owned investment banking company AXIA Ventures Group based in Cyprus was engaged by Greek holding Lamda Development S.A. to act as Joint Global Coordinator for the successful completion of €650 million share capital increase through the exercise of pre-emption and over-subscription rights by Lamda’s existing shareholders. Group Managing Director of AXIA Ventures Group Mr. George Linatsas stated in his comments: “We are honored that Lamda Development has trusted us to have a leading role in such a landmark transaction not only for the Company but also for Greece. The successful completion of this share capital increase enables the Company to essentially kick-start the Hellinikon Project, one of the largest urban development projects in Europe, which will have an unparalleled socioeconomic impact on our country. This share capital increase signals the beginning of a new era for Greece and we as AXIA are proud that we assisted Lamda Development in completing this milestone ...

Bank of Cyprus has revised its Privacy Statement concerning the processing of personal data of natural persons who are customers or potential customers of the Bank, customers’ representatives and/or beneficiaries of legal entities of customers or potential customers. The renewed Privacy Statement is available at the bank’s website, on its digital channels and at the branches of Bank of Cyprus. The Bank announced that revision of its Privacy Statement became part of its strategy to comprehensively protect personal data, in response to the requirements of Regulation (EU) 2016/679 of the European Parliament and of the Council on data protection and privacy (GDPR) and the Law providing for the Protection of Natural Persons with regard to the Processing of Personal Data and for the free movement of such data.

Cyprus-based property development company Leptos Estates in 2019 set the record of 1075 exhibitions, which the company had organized or participated in during the year, through a total of 60 countries on all the continents. Taking part in these exhibitions, the company has managed to promote its multiple activities, products and services, along with tourism attractions of Cyprus and the Greek islands of Crete, Paros and Santorini. Also, through these exhibitions Leptos Estates has created a strong network of business associates and the unique client base. The company aims to focus on the countries with strong interest in overseas investments and developments of high quality projects in coastal areas. It has already formed a strong portfolio of more than 350 projects in prestigious and exclusive locations.