Cypriot company buys stake in Western & Oriental

A Cypriot conference and printing company has bought more than a quarter of Western & Oriental’s shares.

Options Cassoulides bought the shareholding of 100,000,000 shares, the equivalent of 27.8% of the company’s share capital, for £1.5 million.

The deal was struck last week after Western & Oriental made a share placing on March 30. Options Cassoulides has confirmed it will retain the shareholding as a trading investment.

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