Cyprus Trading Corporation Plc is moving ahead with a mandatory public takeover bid for Ermes Department Stores Plc , after increasing its stake in the company through the purchase of 17.5 million ordinary shares .
According to the announcement, Cyprus Trading Corporation bought the shares, representing 10.029 per cent of Ermes’ issued share capital, from Department Stores Realisations Limited for a total of €127,758.43 , at €0.0073 per share .
Before the transaction,
