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MHV CEO resigns following full takeover by Prodea

13:59 - 01 February 2024

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Charalambos Michael has resigned from his position as executive director and CEO of MHV Mediterranean Hospitality Venture Plc, effective 31 January 2024.

In an announcement on the Cyprus Stock Exchange, MHV thanked Michael for their cooperation and his services, and wished him all the best in his future career.

It is worth noting that Michael’s resignation comes just days after it was announced that Prodea Investments will be acquiring MHV’s majority share package.

On 24 January, Prodea announced that it completed the acquisition of an additional 55% stake in MHV from the Cypriot group of companies Yoda PLC, increasing its total stake in MHV to 80%.

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