Hellenic to buy Nuance’s Greek business
29-Apr-2005
GREECE. Hellenic Duty Free Shops has signed a preliminary agreement to acquire The Nuance Group's interests in Greece
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A price has yet to be determined for the deal, which is subject to approval from Greek competition authorities.
Nuance runs five fashion and accessories outlets in Athens International airport's
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(26-Apr-2005) - The two retailers have signed a preliminary agreement as Nuance continues its European rationalisation
(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%.
(3-Jul-2002) - GREECE. Hellenic Duty Free Shops expects to sign a preliminary agreement by early next month to buy stakes in two Turkish border duty-free operators. A Hellenic spokesman said the company was in financial and legal due diligence to acquire 60% of a joint company, but would not confirm the names of the operators involved.
(18-Jun-2002) - Hellenic Duty Free Shops announced today it expects to sign a preliminary agreement by early July 2002 to buy stakes of 60% each in two unnamed Turkish duty-free operators
(18-Dec-2001) - GREECE. Hellenic Duty Free Shops subsidiary Hellenic Distribution is to open 10 stores onboard the ships of Greek ferry operator Minoan Flying Dolphins, sources close to the deal told DFNI.

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Hellenic to buy Nuance’s Greek business