WEDNESDAY, 21 APR 2021

 

CONNECT

Facebook Linked In Twitter
GAP Vassilopoulos
GloriaJeans_266x90px
IMH LTD

Angela Merkel Must Beat The Pandemic To Save Her Legacy

Μοscow Hopes Geneva Meeting Will Help Relaunch The Cyprus Negotiations

IMH LTD

BUSINESS

brought to you by Deloitte

French Corporate Giants In Cyprus

French Corporate Giants In Cyprus

For the last twenty years, French corporate giants, have trusted the development of the Cypriot economy, thus choosing the island as the place to invest. These investments have supported – and continue to do so-  some of the largest projects of the island, such as the energy program and the upgrade of the country's airports, based on European standards. InBusinessNews presents the greatest investments by French companies that took place in Cyprus in recent years.

 

Bouygues Cyprus

Bouygues Bâtiment International holds the largest share (22%) of Hermes Airports Ltd (a consortium of nine shareholders), which took over the operation and management of Larnaca and Paphos International Airports in 2006. Bouygues Bâtiment International is the subsidiary of Bouygues Construction that has been specialising in complex construction projects around the world for more than 40 years. Present on all five continents, Bouygues Bâtiment International draws on a strong local presence with a network of well-established local offices as well as on the engineering expertise of its head office.

 

Egis

Egis Investment Partners S.C.A is the second largest shareholder (20%) in the Hermes Airports consortium. The company is a major international group in the construction engineering and mobility services sectors, Egis creates and operates intelligent infrastructure and buildings capable of responding to the climate emergency and addressing the major challenges of our time by helping to achieve more balanced, sustainable and resilient territorial development.

 

CNP Assurances

One of the biggest deals made in 2019 concerned the acquisition of 49.9% of the Cypriot insurance group CNP Cyprus by CNP Assurances. Following the share acquisition from Bank of Cyprus (€ 97.5 million), the French giant secured the entire share capital of the Cypriot insurance group (CNP CYPRIALIFE and CNP INSURANCE).

 

Monaco Telecom

In 2018 Monaco Telecom paid € 260 million to acquire MTN Cyprus. French billionaire Xavier Niel, founder and major shareholder of French telecommunications company Iliad SA, owns 51% of the company and the remaining 49% is held by the Principality of Monaco. Following the company's rebranding as Epic, millions were invested in upgrading the company's services and infrastructure.

 

Total

Total is one of the largest oil and gas companies in the world, operating in more than 130 countries. Total was granted a license for seven out of the nine blocks of f Cyprus’ exclusive economic zone.  Created in 1924 to enable France to play a key role in the great oil and gas adventure, Total Group has discovered some of the most productive fields in the world. Its refineries have created increasingly sophisticated products and its extensive distribution network has rolled out an ever-expanding range of services.

 

CCI Nice Côte d'Azur

The Chamber of Commerce and Industry of Nice Côte d 'Azur Airport is a Fench public institution, with a share of 2% in Hermes Airports.

 

Source: InBusinessNews

MORE ON BUSINESS

GOLD Magazine: Professional Services in Cyprus, The Future of the Sector and the Need for a New Growth Model

The professional services sector currently faces numerous challenges beyond those caused ...

GOLD Magazine May Issue Presents, Special Feature: CYBERSECURITY IN CYPRUS

ICT COMPANIES   • TELECOMMUNICATIONS SERVICE PROVIDERS • INTERNET ...

Cyprus Chief Scientist And IDEA Startup Accelerator Join Hands

Aiming to promote Cyprus as a regional innovation hub, the country`s Chief Scientist ...

FROM AROUND GOLDNEWS

   

Government Considering Extending Measures Against COVID-19

The government is considering an extension of the existing measures against COVID-19 until 15th May to curb the spread of coronavirus, however small exceptions ...
   

Angela Merkel Must Beat The Pandemic To Save Her Legacy

Angela Merkel has been in the top job for nearly 16 years, but the biggest challenge of her career might still lie ahead. The German Chancellor is racing ...
   

EY Cyprus Appoints New Country Managing Partner

EY is pleased to announce the appointment of Ronald Attard as the new Country Managing Partner for Cyprus. Ronald joined EY in 1999 and moves into the Cypriot ...
   

Vaccine Hopes Boost Euro, Dollar On Back Foot As Yields Off Highs

The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region's ...
   

Carbon Emissions To Soar In 2021 By Second Highest Rate In History

Carbon dioxide emissions are forecast to jump this year by the second biggest annual rise in history, as global economies pour stimulus cash into fossil fuels ...
   

Μοscow Hopes Geneva Meeting Will Help Relaunch The Cyprus Negotiations

Moscow welcomed the UN Secretary-General’s initiative to hold an informal five-plus-one meeting dedicated to the Cyprus issue in Geneva on April 27-29 ...
   

European Super League: How Europe has Reacted

The news of a new European Super League has created a strong and, almost overwhelmingly angry, reaction across the continent. Arsenal, Chelsea, Liverpool, ...
   

Tourist Arrivals In January - March Drop By An Annual 93%

Tourist arrivals for the period of January - March 2021 amounted to 246,556 recording a steep drop of 92.8% compared with the respective period of last year, ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Professional_services
ICT_16/04-01/06

IMH LTD