Ermes Department Stores PLC

Company Description

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Ermes is the retail arm of the CTC Group. It is one of the most diverse retailers in Cyprus and is also listed on the Cyprus Stock Exchange. It operates 62 stores, 4 of which in Greece, with over 60,000 sqm of retail space.

Cyprus Trading Corporation Plc (CTC) is a leading Group, based in Cyprus, listed on the Cyprus Stock Exchange. N.K. Shacolas (Holdings) Ltd is the major shareholder with a controlling stake of 87%. It owns and controls a number of companies, each specialising in a specific industry. Three of them are also listed on the Cyprus Stock Exchange.

CTC’s diversity of operations, a key factor in the company’s strength, is spread over five main business sectors: Distribution & Logistics, Retail, Automotive & Engineering, Property, Infrastructure .

Year founded

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1971

Served area

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Cyprus

Headquarters

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Shacolas House, Old Nicosia - Limassol Road, Athalassa, 2003 Nicosia – Cyprus

Shares outstanding

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175,000,000

IPO

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May 18, 2007

Stock exchange(s)

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Cyprus Stock Exchange