KEO dismisses Archbishop’s comments on merger with Carlsberg

Beverage producer KEO Ltd said that it is not considering or looking at the possibility of a merger with any other company, refuting comments made by Archbishop Chrysostomos in a recent interview.

The comments in the archbishop’s interview “are a matter of personal assessment which was not submitted to the company’s board,” KEO said in a statement on the website of the Cyprus Stock Exchange on Wednesday, three days after the interview to Sigmalive.com was published.

In his interview to Sigmalive, the archibishop said that he was in talks with Photos Photiades Group which brews and distributes Carlsberg beer in Cyprus about a possible merger with KEO which also brews its own beer.
KEO is owned directly or indirectly to two thirds by the Church of Cyprus.

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.