Motor Oil offer for Cyclon to expire August 28

Motor Oil has specified that the period for acceptance of its public offer to Cyclon will begin on July 17, 2014, and expire on August 28, 2014, it announced in a statement released on Tuesday.

On Monday, the Capital Market commission approved the prospectus of an offer forwarded by Motor Oil, on June 23, 2014, to Cyclon shareholders.

During Monday’s trading session, Motor Oil purchased 1,116,438 Cyclon shares at a price of 0.70 euro per share.

Subsequently, Motor Oil currently holds 23,214,001 shares issued by Cyclon, which represents 87.06% of the latter’s voting rights.

The prospectus will be available, free of charge, during business hours, at all Piraeus Bank branches throughout the country, as of July 17, 2014, and throughout the acceptance period. The prospectus will also be available on Motor Oil’s website ( as well as that of the offer’s consultant, Piraeus Bank (