Saturday May 30, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Club Hotel Loutraki to be sold

By Vangelis Mandravelis

Club Hotel Loutraki (CHL) will be put up for sale by its Israeli owners, as Queenco-Leisure International Ltd and Club Hotel Investments have announced that their agreement to resolve their differences provides for the joint sale of CHL’s activities. Besides a casino at Loutraki near Corinth, they also include another casino based in Belgrade, Serbia.

The joint statement reads that the two parties intend to sell the assets of CHL within the next 15 months. In addition to making the highest bid, the preferred investor will not be allowed to be in any way connected, directly or indirectly, to the two main shareholders of CHL.

Club Hotel Loutraki officials made no secret on Thursday of the owners’ intention to sell the casino but refuted that the company’s manager, Nikos Remandas, will be changed as a result of the agreement between the two stakeholders. They added that in the context of the company’s restructuring and rationalization of its activities, it will offer a voluntary exit program to employees.

The owners also agreed on a cash injection for CHL to continue operating until it is sold. The deal provides for 6.8 million euros to be borrowed, which will be disbursed in the next few days.

The above coincides with pressure from the Greek government for the payment of taxes owed by CHL that exceed 40 million euros. A payment plan was recently agreed, but has not been adhered to by the enterprise.

ekathimerini.com , Thursday Jul 3, 2014 (23:22)  
German bonds seen resilient as Greece talks produce false dawns
Checking lists of tax dodgers a slow process
Greek credit contraction amounted to 2.4 pct in April
Export-oriented firms benefit from euro rate
Panaritis appointed Greece´s IMF representative amid SYRIZA complaints
The appointment of economist Elena Panaritis as Greece’s new representative at the International Monetary Fund has prompted criticism from within SYRIZA, as well as from opposition parties. ...
Police confirm two arrested, one dead in raid to catch bank robbery suspects
Police confirmed on Saturday that they have arrested two men in a raid to catch the men suspected of carrying out 400,000-euro robbery last year. A third man died during the operation near V...
Inside News
SOCCER
Wemmer pens three-year deal with Panathinaikos
German defender Jens Wemmer has signed a three-year contract for an undisclosed sum with Panathinaikos, the Greek Super League club announced on Friday. Right-back Wemmer, 29, has been playi...
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
Inside Sports
COMMENTARY
Zenobia, Barbara, Christine and the general’s daughter
ATHENS – Lovely Palmyra has fallen to the zombie horde and its people are being slaughtered as the ancient city awaits its fate. It is Friday, May 22, 2015, and from my window I see the end-...
INTERVIEW
The eurozone’s ‘ambiguous’ architecture
“That’s not something you’re supposed to say in public, right?” In his humble way, Thomas Sargent, Nobel Prize winner in Economics, tries to avoid the question posed to him by Kathimerini re...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Panaritis appointed Greece´s IMF representative amid SYRIZA complaints
2. Police confirm two arrested, one dead in raid to catch bank robbery suspects
3. German bonds seen resilient as Greece talks produce false dawns
4. Checking lists of tax dodgers a slow process
5. Some blame EU Commission for Greek obstinacy in debt talks
6. Charity funding to help students vie in Olympiads
more news
Today
This Week
1. Traffic accidents down in March
2. German bonds seen resilient as Greece talks produce false dawns
3. Greece open to compromise to seal deal this week, says interior minister
4. Some blame EU Commission for Greek obstinacy in debt talks
5. Charity funding to help students vie in Olympiads
6. Police confirm two arrested, one dead in raid to catch bank robbery suspects
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Some 300 mln left banks on Tuesday
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Endless confusion and worry
6. Romantic notions meet reality
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.