Lanitis to de-list after takeover

SHARES IN Cypriot Coca-Cola bottler Lanitis Bros will be suspended from March 20 pending its de-listing from the Cyprus bourse after its takeover by Greece’s CCHBC , the stock exchange said yesterday. Coca-Cola Hellenic Bottling Co. (CCHBC) mounted the bid for Lanitis through Cypriot subsidiary 3E (Cyprus). It owned 95.53 percent of Lanitis, the exchange said in a statement. By law, shares must be de-listed if a concentration of stock exceeds 70 percent. CCHBC is 24 percent-owned by Coca-Cola Co. .

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.