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Developer Etalon Group adopts decision to register in Cyprus

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Developer Etalon Group adopts decision to register in Cyprus

Shareholders of Etalon Group adopted a decision at an extraordinary meeting on December 15, 2016, to re-register the company from Guernsey, located on Channel Islands, for Cyprus, the statement reads.


As a reference, Etalon Group is one of Russia's largest and oldest residential real estate developers.

The measure is due, in particular, to changes in legislation in the countries of Etalon Group’s presence, as well as intended to optimize the company’s costs.

The statement indicates that changing the place of the company’s registration will not affect the ongoing activities of Etalon Group, nor will it impact the listing of the company’s shares at the London stock exchange.

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