articles | 03 June 2025 | Patrikios Legal

Deal Announcement!

We’re excited to share that Angelos Onisiforou Partner – Financial, Commercial, VAT, Angeliki Epaminonda Partner – Financial, Corporate, M&A, and Nikoleta Christofidi Senior Associate successfully represented National Paints, a Dubai based company being one of the largest paint consortiums in the Middle East, in the acquisition of Viostik Ltd, one of the oldest and most respected companies in its field in Cyprus.

Deal Highlights:

  • Buyer: National Paints–nationalpaints.com
  • Target: Viostik Ltd – viostik.com.cy

This transaction is an important milestone for the Cypriot business landscape as it brings to the Island a third-generation business with an entrepreneurial vision which is deeply rooted in its family heritage and commitment to excellence.

Well done to our team for leading this complex and significant deal. It was a privilege for our team to provide their support in this transaction.

Many thanks to National Paints and their extraordinary team for entrusting this milestone project to us.

Cooperation Partners
  • Logo for Cyprus Investment Funds Association
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Shipping Chamber
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Love Cyprus Deputy Ministry of Tourism
  • Logo for Cyprus International Businesses Association
  • Logo for CYFA Cyprus
  • Logo for Invest Cyprus