The government on Thursday denied a report that President Nicos Anastasiades’ law firm represented Ryanair in talks to take over national carrier Cyprus Airways (CY).
The firm also denied the report in the island’s biggest newspaper, Phileleftheros, which quoted a report drafted by CY’s financial advisers KPMG.
Nicos Chr. Anastasiades and Partners said it had initially represented Ryanair during the submission of interest back in August.
“Our initial response was positive and that is why our firm was named as the legal representative during the submission of the documents to KPMG,” it said.
However, the firm said it had second thoughts and informed the airline in September that it could not represent it “in light of the fact that our office’s involvement in the procedure could be misinterpreted as being favourable for Ryanair, due to its indirect relation with the President.”
The fact that Ryanair was not represented by Anastasiades’ firm had been mentioned in parliament on November 11. In fact, MPs were told that the airline was represented by Soteris Pittas and Co.
Deputy government spokesman Victoras Papadopoulos said any criticism would be unfair.
Papadopoulos said Anastasiades was no longer involved in the firm, which had not represented any banks, semi-state organisations, or companies doing business with the state since 1995.