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Acquisition of the Majority Share Capital Of Diakinisis Logistics Services Cy Ltd

C.A.Papaellinas announces the acquisition of the majority share capital of Diakinisis Logistics Services (CY) Ltd.

C.A.PAPAELLINAS strategic goal is to develop in the area of 3rd Party Logistics (3PL). The cooperation between C.A.PAPAELLINAS and Diakinisis Cyprus began in 2014 when the C.A.PAPAELLINAS group acquired 40% stake and took over the management of the company. Considering that the sector of 3PL has huge growth potential in Cyprus over the next few years and assessing the necessary investment plan in additional infrastructure, C.A.PAPAELLINAS has proceeded with the acquisition of a majority stake in Diakinisis Cyprus.

This strategic move is part of the group's development framework and in line with its long experience in distribution and logistics issues.

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