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Hellenic Duty Free stake for sale as main shareholder pulls outHellenic Duty Free stake for sale as main shareholder pulls out
16-Apr-2002
GREECE. The main stakeholder in leading Greek operator Hellenic Duty Free Shops is to sell its share of the venture amid continuing clashes over the way the company is run. The Agricultural Bank of Greece, which owns 60% of Hellenic?s shares, has formally invited bids for a stake of between 40% and 60% in the retailer.
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By John Rimmer and Trevor Lloyd-Jones
GREECE. The main stakeholder in leading Greek operator Hellenic Duty Free Shops is to sell its share of the venture amid continuing clashes over
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(1-Apr-2002) - GREECE. According to sources at Hellenic Duty Free Shops, Aldeasa and The Nuance Group?together with its new shareholders?are among seven groups to have registered interest and requested the memorandum documents for the sale of a stake in the Greek operator of between 40% and 60%.
(1-Jul-2002) - GREECE. The consortium of Greek jeweller Folli Follie and IT company Germanos is poised to take a 40% stake plus management control in Hellenic Duty Free Shops. The news emerged as the Agricultural Bank of Greece named the group as the preferred bidder for a 40% stake in the operator. The deal remains subject to further negotiations over financing and clearance by regulatory authorities.
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