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Athens News Agency: News in English, 09-11-16

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Restis Group in 65-mln-euro deal for Aspis Bank shares
  • [02] Second-hand smoke in Athens equals 'two a day habit', experts claim

  • [01] Restis Group in 65-mln-euro deal for Aspis Bank shares

    (┴═┴-MPA) -- ┴spis Bank on Monday said that Commercial Value Insurance SA has reached an initial agreement with Viktor Restis and members of his shipowning family for buying its equity stake in Aspis Bank.

    In a statement, Aspis Bank said Advantage Capital Holdings Plc (formerly Aspis Holdings Public Co. Ltd), the main shareholder of Commercial Value, announced that its subsidiary Commercial Value Insurance SA has reached an initial agreement with Restis group to sell its rights of preference in Aspis Bank.

    Under the agreement, Restis Group will pay 65 million euros to participate in Aspis BankÔs equity capital and buy 65 million shares. Commercial Value will also sign a 20-year bancassurance deal with Aspis Bank. Final details of the deal were expected to be announced in the next seven days.

    [02] Second-hand smoke in Athens equals 'two a day habit', experts claim

    Even non-smokers in Athens should be considered to smoke the equivalent of two to three cigarettes a day in the form of second-hand smoke produced by others, doctors of Greece's Pneumological Society asserted on Monday.

    Noting that smoking was the main culprit for chronic obstructive lung disease, they supported a total ban of smoking in public if this should be adopted by the health ministry, pointing out that smokers could currently be found in all places throughout the city.


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