Cyprus Business Now: Demetra share sale, airport traffic, instant payments

Demetra Holdings shareholders have approved a resolution to sell the company’s shares in Hellenic Bank to Eurobank, according to an official statement released on Friday.

The statement, which was released after an extraordinary general meeting held on Thursday, mentioned that the total consideration to be paid by Eurobank S.A. is estimated at €426.5 million.

The meeting saw the attendance of seven shareholders, either in person or by proxy, representing 77,116,064