Speaking to CNA, Polakis Sarris, on behalf of the law firm that represents Strauss-Khan’s Luxembourgian firm (LSK & Partners financial advisors) in Cyprus, said this had been agreed during Strauss-Kahn’s visit to Cyprus last week. Following submission of the proposal a new meeting with the government will be scheduled.


“Mr Strauss-Kahn is chairman of LSK, who have been our clients for some time and are interested in the new issue of Cyprus government bonds, as well as the privatisation of the large semi-governmental organisations, including the Ports Authority, the Cyprus Telecommunications Authority and the Electricity Authority of Cyprus,” said Sarris.


LSK had expressed the wish to maintain contact with the government, the Finance Ministry and ministry technocrats, its lawyer said.


“We arranged for this a few months ago, and they came to Cyprus for three days,” he said.


During his stay in Cyprus, Strauss-Kahn had a two-hour meeting with Finance Minister Harris Georgiades, and various other contacts.


“They will be tabling proposals on both issues,” Sarris confirmed.


He added that during the meeting with Georgiades, it was agreed “one month after the meeting – that is, two or three weeks from now – they would be forwarding their proposals to the government, which will be followed by another meeting.”


Sarris, former undersecretary to President Tassos Papadopoulos, said LSK’s interest in Cyprus appears to be “intense,” which seems to have satisfied the government.


He revealed that the Luxembourg-based firm has already invested on the island, through funding in the shipping sector and overseas share acquisitions.

Source: Cyprus Mail