News Local Greek company enquires about Cobalt acquisition

Greek company enquires about Cobalt acquisition

Greek Diversa announced on Wednesday that it is considering to acquire Cobalt Air, CNA reported.

“According to a decision by the Board of Directors of the Company dated 13/11/2018, Diversa SA is investigating by means of consultants the acquisition of Cobalt New Age Airlines Group Limited, which owns 100% of the shares of the airline Cobaltair LTD, based in Cyprus, which terminated its operations last month (October),” a Diversa announcement said in the Athens Stock Exchange.

“At the same time, the transfer of a loan made by the above parent company with a shareholder is investigated. The company declares that at this stage the authorisation of its directors concerns solely the exploration of the above investment in order to collect data that will allow its assessment by the company’s Board of Directors,” the announcement concludes.

Diversa’s board of directors will evaluate the data to be collected by the consultants and assess whether the company will go ahead with the investment.

The transport ministry had revoked Cobalt’s commercial and operating licences the day after the company announced it was grounding its fleet on October 17.

Despite being given time, the airline had failed to raise the cash necessary to keep it going.

Read more:

https://in-cyprus.com/news/local/cobalt-closure-affecting-paphos-businesses-owners-say/

Top Stories

Ten new corona virus cases detected out of 2,619 tests

According to the Epidemiological Surveillance Unit of the Ministry of Health 10 new cases of the SARS-CoV-II virus were detected out of a total...

Fine of €6,500 in a bar in Paphos for violating decrees

The Paphos District Court imposed a fine of €6,500 on Monday, on a property owner for violating the decree of the Law on Disinfection. Specifically,...

Toxic chemicals removed from site of accident in Nikou Pattichi St.

Fire Service members on Monday morning rushed to the busy Nicos and Despinas Pattichi Avenue in central Limassol where a barrel in a van...

Cyprus and Russia agree to amend Double Tax Treaty

Cyprus and Russia agreed on Monday to amend the Cyprus-Russia Double Tax Treaty, as Minister of Finance Constantinos Petrides wrote in a post on...

Greek Foreign Ministry calls on Turkey to stop its illegal actions

The Greek Foreign Ministry sent a clear message that Greece will defend it sovereignty and its sovereign rights and called on Turkey to immediately...

Taste

Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...