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Hellenic to buy stake in Turkish operatorsHellenic to buy stake in Turkish operators
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.
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By Trevor Lloyd-Jones
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
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(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
(6-Apr-2002) -
(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%.
(15-Oct-2006) - TURKEY. Hellenic Duty Free Shops has said it is in negotiations to form a partnership with Setur Servis Turistik after the company outbid Hellenic to win the contract to operate six stores on the Turkish borders. Setur beat an international field of bidders to win the 15-year contract last month
(29-Apr-2005) - GREECE. Hellenic Duty Free Shops has signed a preliminary agreement to acquire The Nuance Group's interests in Greece