Louis seeks court permission for shareholder meetings on restructuring plan
Bitget2026/10/27 11:04- Louis today filed with the Nicosia District Court for permission to convene shareholder meetings on its restructuring scheme.
- The scheme would transfer debt-free ownership of Louis Nausicaa Beach hotel, valued at €43.47 million, to minority shareholders through Nausicaa Hotels.
- Nausicaa Hotels would list on the Cyprus Stock Exchange; Clin Company would become the sole shareholder of Louis, which would delist.
- All group debts and liabilities would remain with Louis and its subsidiaries; Nausicaa Hotels and its subsidiaries would assume none.
- Implementation requires shareholder approval by 50% plus one vote of those present, followed by final court sanction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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