Cypriot business magnate Nicos Shacolas, one of the country’s most prominent entrepreneurs and philanthropists, has died at the age of 98 after facing health problems in recent months.
“With profound sadness, the CTC Group announces the death of Nicos Kyprianou Shacolas, founder, long-serving executive chairman and subsequently honorary lifetime president of the group,” the CTC group said in a statement.
The group described Shacolas as a pioneering entrepreneur with vision
