An announcement from Dolphin Capital Investors ( (GB:DCI) ) is now available.
DCI Advisors Ltd has announced the sale of its 47.93% holding in DCI Holdings Two Limited, which owns Aristo Developers in Cyprus, to the majority shareholder, Mr. Theodoros Aristodemou, for €27.6 million. The transaction includes cash payments and the transfer of development land, with DCI planning to market the land for sale. Additionally, Mr. Aristodemou will make a final payment of €3.5 million for DCI’s remaining stake in Venus Rock, achieving his full ownership of both companies. This divestment enables DCI to align with its strategy of selling assets, potentially impacting its market focus.
More about Dolphin Capital Investors
DCI Advisors Ltd is a company involved in the real estate industry, focusing on the development and sale of residential properties. The company has a significant market presence in Cyprus through its holdings in prominent property developers such as Aristo Developers Limited and Venus Rock Estates Limited.
YTD Price Performance: 8.16%
Average Trading Volume: 825,395
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £47.95M
Learn more about DCI stock on TipRanks’ Stock Analysis page.