Tehnofrig tests the market with its Athenee Palace offer

The state owns 33.98 percent of Athenee Palace shares, while Tehnofrig controls 18.89 percent.

The company is involved in litigation with businessman George Copos, who controls Athenee Phenix Group. Tehnofrig demanded in court to receive half of the shares taken over by Copos’ Ana Hotels, claiming that the two companies had signed a contract of association to take over the major Athenee Phenix Group share package, and that Copos has not kept his part of the deal.