The legal team of Kinanis LLC has acted as legal advisors and represented its clients, the sellers, a leading global investor and developer in the residential resort sector in emerging markets, in negotiating and agreeing the terms of a sale and purchase agreement for the purpose of selling their 47.93% holding in the ordinary share capital of a company owning real estate property in Cyprus, to the majority shareholder of the target company, a prominent residential property developer based in Cyprus. The deal was valued at €27,6 million. Our legal team represented the seller in the negotiation procedures between the parties and undertook the drafting of the transaction documentation.