Independent experts deem CTC offer for Ermes fair and reasonable

An independent evaluation report has concluded that the €0.014 per share offer made by the Cyprus Trading Corporation (CTC) for the acquisition of Ermes Department Stores is fair and reasonable under the current circumstances.

The assessment, prepared by Grant Thornton and published on June 12, 2026, examines the mandatory takeover bid for the remaining shares of Ermes, which aims to secure full control and lead to the company’s delisting from the Cyprus Stock Exchange (CSE)....