MIG Leisure Ltd signed an agreement to acquire 21.7% stake in The Cyprus Tourism Development Public Company Ltd. from Louis plc (CSE:LUI) for €16.3 million on February 27, 2019. The proceeds of the sale, amounting to for €16.3 million will be paid upon the conclusion of the agreement and the transfer of the shares to MIG Leisure Ltd. The execution and conclusion of the sale agreement is subject to the fulfillment of specific requirements. MIG Leisure Ltd completed the acquisition of 21.7% stake in The Cyprus Tourism Development Public Company Ltd. from Louis plc (CSE:LUI) on April 19, 2019. The transaction is approved by Commission for the Protection of Competition.