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Greece's largest mobile phone company Cosmote said on November 24 that it had raised its stake in Germanos to 82 percent as part of its plans to buy the remaining shares it does not already own in the retailer.
Cosmoholding Cyprus Limited, a 100-percent owned subsidiary of Cosmote, has made a public offer of 19 euros per share for the remaining shares of the phone accessories retailer. Cosmote owned about 63 percent of Germanos before the transaction.

Copyright Reuters, 2006

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