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Asbis Enterprises: Juroszek Family Foundation Drops Ownership Below 5%

Strategic Stake Reduction Announced

The board of directors of ASBISc Enterprises Plc, a leading Cyprus-based IT distributor, has confirmed that the Zbigniew Juroszek Family Foundation has reduced its voting stake in the company to below five per cent. This move marks a significant shift in the ownership structure of the firm.

Sequential Disposition Of Shares

On February 6, 2026, the company received formal notification regarding a series of share disposals executed over four consecutive trading days. The process was initiated on February 3, 2026, when the foundation sold 71,818 shares. A more substantial transaction on February 4, 2026, saw the sale of 263,876 shares. The divestiture continued on February 5, 2026, with an additional 15,591 shares being sold, culminating with a final transaction of 342 shares on February 6, 2026.

Regulatory Compliance And Disclosure Requirements

The notification was filed in accordance with the Act on Public Offering, which requires disclosure whenever a transaction materially changes a major investor’s shareholding. Through the series of disposals made during the reported period, the foundation reduced its voting rights below the key five-percent threshold. As a result, its level of influence over corporate governance was diminished.

Implications For Corporate Governance

This strategic divestment not only underscores the dynamic nature of shareholder engagement in large IT distribution companies such as Asbis, but also illustrates the increasing importance of transparency and regulatory oversight in managing significant ownership stakes. The gradual sale of shares over multiple sessions suggests careful planning and adherence to market regulations, a practice that underscores the governance standards expected in leading public enterprises.

 

EU Services Production Grows As Information And Communication Lead

Services production continued to expand across the European Union in August 2026, with information and communication recording the strongest annual growth. However, performance varied significantly between industries and member states, while Cyprus reported a mixed picture, with business services expanding and hospitality-related activities declining.

Information And Communication Leads Sector Growth

Compared with August 2025, services production increased by 5.9% in the euro area and 5.8% across the EU in information and communication. Transportation and storage also recorded growth, rising by 2.1% and 1.9%, respectively.

Real estate activities increased by 1.6% in the euro area and 1.1% in the EU. Professional, scientific and technical activities grew by 1% in both areas, while administrative and support services advanced by 1.1% and 1.3%.

Accommodation and food services was the only major sector to record an annual decline, falling by 0.1% in both the euro area and the EU.

The monthly figures were more mixed. Information and communication remained the strongest performer, increasing by 1.2% in the euro area and 1% across the EU. Real estate activities rose by 0.4% and 0.9%, respectively, while transportation and storage edged up 0.1% in the euro area but declined by 0.2% in the EU.

Administrative and support services recorded modest gains of 0.2% in the euro area and 0.1% in the EU. Accommodation and food services fell by 0.3% and 0.4%, while professional, scientific and technical activities declined by 0.8% and 0.9%, respectively.

Slovakia And Greece Record Strongest Annual Growth

Romania recorded the largest monthly increase in services production, at 5.2%, followed by Malta at 1.8% and Portugal at 1.7%. Luxembourg experienced the steepest decline, with output falling by 5.1%, followed by Bulgaria at 2.3% and Denmark at 1.9%.

On an annual basis, Slovakia led with growth of 10%, followed by Greece at 9.3% and Malta at 7.5%. Hungary recorded the weakest performance, with services production declining by 5.6%. Denmark fell by 5.3%, while Italy recorded a smaller decrease of 0.3%.

Cyprus Sees Growth In Business Services But Weakness In Hospitality

Cyprus’ latest figures show a similar divide between expanding business services and weaker hospitality-related activities. According to the Statistical Service of Cyprus (Cystat), professional, scientific and technical activities recorded the strongest annual growth among the covered sectors in the second quarter of 2026, increasing by 3.4%.

Transportation and storage and information and communication both grew by 2.1%, while real estate activities rose by 1.6%. In contrast, accommodation and food services declined by 3.1% year on year, and administrative and support services fell by 2.2%.

First-half results were more favourable for several sectors. Between January and June, professional, scientific and technical activities grew by 3.5%, transportation and storage by 2.8%, real estate by 2.1% and information and communication by 1.3%.

Nevertheless, administrative and support services contracted by 1% over the six-month period, while accommodation and food services declined by 0.7%.

How Cyprus’ Figures Differ From Eurostat’s Data

The Eurostat and Cystat figures measure different aspects of economic activity and are not directly comparable. Eurostat’s services production index tracks changes in the volume of output, whereas Cystat’s Turnover Value Index for Services and Transport measures the value of sales at current prices.

The reporting periods also differ: Eurostat’s figures cover August, while the cited Cypriot data relate to the second quarter and first half of 2026.

Cystat transmits services production data to Eurostat but does not yet publish a separate national production index. Turnover figures therefore remain the main publicly available national indicator for the sector.

Taken together, the data point to continued growth in several of Cyprus’ business-oriented services, alongside persistent pressure on accommodation, food and administrative support activities.

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