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Airport operator Hermes signed a multimillion deal with Chinese firm Far Eastern Phoenix Ltd in the early hours of the morning. The firm plans to develop the old Larnaca airport area, with a large commercial showroom for Chinese products and a logistics centre.

Hermes Airports’ spokesman Adamos Aspris said the final agreement was signed at 1 am. According to the agreement, the firm will take over management of the area for the next 19 years, with the possibility of extending it to 50.

Published on March 23, 2012
|||Deal signed with Chinese firm
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