Chapo Makes 4 8 Million euros from Limassol Land Sale
InBusinessNews has confirmed the sale of land along Archbishop Makarios III Avenue in Limassol for €4.8 million to Lebanese investors.
Charilaos Apostolides (Chapo) revealed news of the sale via the Cyprus Stock Exchange, relating that consultations are ongoing for further collaboration between the two entities, and the possible sale of land in Nicosia.
Chapo will use capital generated from the sale for the settling of its loans.
Published on 24 June, 2014