Pangaea and Invel Real Estate have announced that Vibrana Holdings Ltd - 90% of which is owned by Pangaea and 10% owned by Invel – has signed an agreement for the acquisition of 96.82% of the shares of Cyprus Tourism Development Company Limited (CTDC) for the amount of €54.9 million.
Pangaea and Invel to Acquire Hilton Cyprus for €54.9M
