According to the announcement, Queenco Leizure International Ltd. and Club Hotel Investments (CHI), both major shareholders of the company, under an agreement on resolving their differences, they decided to jointly sell the activities of CHL.

The activities of the company, apart from the famous hotel and casino located in Loutraki, Corinth, include a casino located in Belgrade, Serbia.

According to the announcement, the goal of both sides is to sell the assets of the CHL within the next 15 months. The preferred investor, apart from the higher bidder, should have no relation, directly and indirectly, with neither of the major shareholders of CHL.

The sale will be managed by a person who will act as a guarantor on sale. Any bid received will be presented to both shareholders and should not commit any of them or assign any right to third parties.