Athens-based Dolphin Capital Investors said its DCI Holdings Two unit, the holding company for Dolphin Capital Atlantis (DCA), had secured a EUR 85 mln debt facility from the Bank of Cyprus. The company said the funds will be used to refinance DCA unit Aristo Developers’ ongoing acquisition programme, which has resulted in investments of over EUR 50 mln in the past three months.

Athens-based Dolphin Capital Investors said its DCI Holdings Two unit, the holding company for Dolphin Capital Atlantis (DCA), had secured a EUR 85 mln debt facility from the Bank of Cyprus. The company said the funds will be used to refinance DCA unit Aristo Developers’ ongoing acquisition programme, which has resulted in investments of over EUR 50 mln in the past three months.

DCA currently holds 98.74% of Aristo’s shares and is on track to activate its right to squeeze out the remaining Aristo shareholders, a process it expects to complete within the next two months.