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The Apollonion Private Hospital in Nicosia has officially been acquired by the American investment fund CVC Capital Partners.

The signing of the contract and the completion of the acquisition was confirmed by the hospital’s board chairman Christos Pouris to Cypriot outlet INBusiness News.

According to reports, the deal is estimated to have cost €83 million in total.

The investment fund first expressed interest in acquiring the hospital back in 2018.

Interest was again renewed during the summer of the previous year but the two sides failed to reach an agreement at the time.

Cyprus and Egypt will soon sign a Memorandum of Understanding for the electricity interconnection between the two countries.

The signing will take place on Saturday, October 16 in Nicosia.

An official press release said the memorandum will be signed at the Presidential Palace on behalf of Cyprus by Minister of Energy, Commerce and Industry, Natasa Pilides and Minister of Electricity and Renewable Energy Mohamed Shaker El-Markabi.

The electricity interconnection is part of the Cyprus, Greece and Egypt interconnection project, the foundation of which was set in Nicosia in November 2017 during the fifth interstate trilateral meeting of the three countries.

The political commitment by the leaders to implement the project was followed by another two trilateral meetings.

The signing of the trilateral agreement will be finalised after the memorandum is completed.

The Cyprus Stock Exchange (CSE) ended Thursday, October 14, with profits.

The main Cyprus Stock Market Index was at 66.44 points by 13:45 during the day, reflecting an increase of 0.17 per cent over the previous day.

The FTSE / CySE 20 Index was at 39.69 points, representing a rise of 0.13 per cent. The total value of transactions came up to €120,837.99.

In terms of sub-indexes, the main index rose by 0.05 per cent, while the alternative index fell by 0.09 per cent. The investment firms and hotels indexes remained stable.

The biggest investment interest was attracted by Vassiliko Cement Works (€55,874.50 worth of trades, no change), Logicom (€18,052.28 worth of trades, no change), Salamis Tours (+0.57 per cent), Bank of Cyprus Holdings (+1.99 per cent) and Hellenic Bank (-1.69 per cent).

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