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XM Owner Buys Cyprus’ Oldest Greek Newspaper After His Interest in a Bank

Cyprus

Monday, 23/06/2025 | 04:56 GMT by
Arnab Shome

  • Costas Cleanthous has gained complete control over the Phileleftheros group
  • It appears that he made this deal in a personal capacity.

Aerial view of Nicosia, Cyprus

Aerial view of Nicosia, Cyprus

After deciding to purchase a bank, Costas Cleanthous, co-founder and majority owner of contracts for differences (CFDs) broker XM, has bought Cyprus’ newspaper group, Phileleftheros, according to Cyprus Times.

A Major Media House in Cyprus

With the acquisition, Cleanthous gained a controlling stake in the publishing group. It also appears that he bought the newspaper in a personal capacity.

However, the financials and other terms of the deal remain unknown. Cleanthous’ plans for the publishing group also remain unknown.

Another interesting story from Cyprus: Exness Bought €75 Million Land from the Bank of Cyprus

Established in 1955, Phileleftheros is the largest and oldest Greek-language newspaper in circulation in Cyprus. It still publishes physical copies of its legacy newspaper and a football-focused daily.

According to its website, the Phileleftheros group also publishes eight magazines, which cover topics ranging from fashion to food and from business to design. Some notable local versions of international magazines published by the group are Insider and Forbes Cyprus.

Despite its legacy, the Phileleftheros group also has a presence in digital media. The group maintains thirteen websites, which include the digital versions of its two physical newspapers in circulation.

Cleanthous’ Interests Outside the Brokerage Business

In April, Cleanthous was in the process of acquiring about 55 per cent of Cyprus’ Ancoria Bank, becoming the bank’s controlling shareholder. He was joined in the deal by businessman and banker Charalambos Panayiotou, who was in the process of acquiring 25 per cent of the bank.

Despite Cleanthous’ deep involvement in XM, the broker was not involved in acquiring the bank in any capacity. It was a deal by Cleanthous in his personal capacity.

You may also like: Singapore to Block Access to Octa and XM for Unlicensed Operations

However, his interest in the bank did not come abruptly. Before deciding to take the controlling stake, he and Panayiotou held less than 10 per cent of the bank’s share capital. After the new deal, they would effectively control 80 per cent of the bank together.

Meanwhile, Cleanthous’ interest did not stop at the bank and the publishing house. He also proceeded to acquire the Forest Park Hotel in Platres, which started operating in 1936.

After deciding to purchase a bank, Costas Cleanthous, co-founder and majority owner of contracts for differences (CFDs) broker XM, has bought Cyprus’ newspaper group, Phileleftheros, according to Cyprus Times.

A Major Media House in Cyprus

With the acquisition, Cleanthous gained a controlling stake in the publishing group. It also appears that he bought the newspaper in a personal capacity.

However, the financials and other terms of the deal remain unknown. Cleanthous’ plans for the publishing group also remain unknown.

Another interesting story from Cyprus: Exness Bought €75 Million Land from the Bank of Cyprus

Established in 1955, Phileleftheros is the largest and oldest Greek-language newspaper in circulation in Cyprus. It still publishes physical copies of its legacy newspaper and a football-focused daily.

According to its website, the Phileleftheros group also publishes eight magazines, which cover topics ranging from fashion to food and from business to design. Some notable local versions of international magazines published by the group are Insider and Forbes Cyprus.

Despite its legacy, the Phileleftheros group also has a presence in digital media. The group maintains thirteen websites, which include the digital versions of its two physical newspapers in circulation.

Cleanthous’ Interests Outside the Brokerage Business

In April, Cleanthous was in the process of acquiring about 55 per cent of Cyprus’ Ancoria Bank, becoming the bank’s controlling shareholder. He was joined in the deal by businessman and banker Charalambos Panayiotou, who was in the process of acquiring 25 per cent of the bank.

Despite Cleanthous’ deep involvement in XM, the broker was not involved in acquiring the bank in any capacity. It was a deal by Cleanthous in his personal capacity.

You may also like: Singapore to Block Access to Octa and XM for Unlicensed Operations

However, his interest in the bank did not come abruptly. Before deciding to take the controlling stake, he and Panayiotou held less than 10 per cent of the bank’s share capital. After the new deal, they would effectively control 80 per cent of the bank together.

Meanwhile, Cleanthous’ interest did not stop at the bank and the publishing house. He also proceeded to acquire the Forest Park Hotel in Platres, which started operating in 1936.

Arnab Shome

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Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.

  • 6976 Articles
  • 119 Followers

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    – Hannalie Marsh, Ambassador, Women in Payments Africa (Moderator)
    – Gabriel Swanepoel, Country Manager, Southern Africa, Mastercard

    #fmas #fmas25 #fmevents #payments #fintech #paymentinfrastructure #financialinclusion

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

    With the continent’s accelerated creation of better payments rails, this conversation takes stock of what has achieved and what is yet to come.

    From regulatory frameworks to digital ID, we’ll explore how trusted industry leaders — including Mastercard — are working with various players in the eco-system to build a scalable, sustainable progress for Africa’s digital economy.

    Speakers:
    – Hannalie Marsh, Ambassador, Women in Payments Africa (Moderator)
    – Gabriel Swanepoel, Country Manager, Southern Africa, Mastercard

    #fmas #fmas25 #fmevents #payments #fintech #paymentinfrastructure #financialinclusion

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!


    With the continent’s accelerated creation of better payments rails, this conversation takes stock of what has achieved and what is yet to come.

    From regulatory frameworks to digital ID, we’ll explore how trusted industry leaders — including Mastercard — are working with various players in the eco-system to build a scalable, sustainable progress for Africa’s digital economy.

    Speakers:
    – Hannalie Marsh, Ambassador, Women in Payments Africa (Moderator)
    – Gabriel Swanepoel, Country Manager, Southern Africa, Mastercard

    #fmas #fmas25 #fmevents #payments #fintech #paymentinfrastructure #financialinclusion

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

  • The Future of Crypto, Lessons from Africa | FMAS:25


    The Future of Crypto, Lessons from Africa | FMAS:25

    The Future of Crypto, Lessons from Africa | FMAS:25


    The Future of Crypto, Lessons from Africa | FMAS:25

    The Future of Crypto, Lessons from Africa | FMAS:25


    The Future of Crypto, Lessons from Africa | FMAS:25

    While much of the world debates regulation and scalability, Africa is busy building. With retail-driven momentum and institutional interest on the rise, the world’s leader in crypto adoption bears both unique features and a glimpse into where the global market might be headed next.
    Attendees will walk out of this session with:
    – A grounded understanding of the real factors behind Africa’s rapid crypto uptake.
    – Insight into how stablecoins are being used for hedging in a volatile rate environment.
    – Perspective on the region’s unique regulatory landscape—and how central banks are reacting.
    – Lessons from emerging market strategies that could influence global crypto trading.

    Speakers:
    – Andres Felipe Perez, Director, Fintech Services South Africa (Moderator)
    – Hannes Wessels, General Manager South Africa, Binance
    – Christo de Wit, Country Manager South Africa, Luno
    – Pierre van Helden, Co-Founder – Director Business Development, FiveWest
    – Callan Richardson, Head of Growth, Bitget

    #fmas #fmas25 #fmevents #digitalassets #crypto #cryptoadoption #emergingmarkets

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!


    While much of the world debates regulation and scalability, Africa is busy building. With retail-driven momentum and institutional interest on the rise, the world’s leader in crypto adoption bears both unique features and a glimpse into where the global market might be headed next.
    Attendees will walk out of this session with:
    – A grounded understanding of the real factors behind Africa’s rapid crypto uptake.
    – Insight into how stablecoins are being used for hedging in a volatile rate environment.
    – Perspective on the region’s unique regulatory landscape—and how central banks are reacting.
    – Lessons from emerging market strategies that could influence global crypto trading.

    Speakers:
    – Andres Felipe Perez, Director, Fintech Services South Africa (Moderator)
    – Hannes Wessels, General Manager South Africa, Binance
    – Christo de Wit, Country Manager South Africa, Luno
    – Pierre van Helden, Co-Founder – Director Business Development, FiveWest
    – Callan Richardson, Head of Growth, Bitget

    #fmas #fmas25 #fmevents #digitalassets #crypto #cryptoadoption #emergingmarkets

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

    While much of the world debates regulation and scalability, Africa is busy building. With retail-driven momentum and institutional interest on the rise, the world’s leader in crypto adoption bears both unique features and a glimpse into where the global market might be headed next.
    Attendees will walk out of this session with:
    – A grounded understanding of the real factors behind Africa’s rapid crypto uptake.
    – Insight into how stablecoins are being used for hedging in a volatile rate environment.
    – Perspective on the region’s unique regulatory landscape—and how central banks are reacting.
    – Lessons from emerging market strategies that could influence global crypto trading.

    Speakers:
    – Andres Felipe Perez, Director, Fintech Services South Africa (Moderator)
    – Hannes Wessels, General Manager South Africa, Binance
    – Christo de Wit, Country Manager South Africa, Luno
    – Pierre van Helden, Co-Founder – Director Business Development, FiveWest
    – Callan Richardson, Head of Growth, Bitget

    #fmas #fmas25 #fmevents #digitalassets #crypto #cryptoadoption #emergingmarkets

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!


    While much of the world debates regulation and scalability, Africa is busy building. With retail-driven momentum and institutional interest on the rise, the world’s leader in crypto adoption bears both unique features and a glimpse into where the global market might be headed next.
    Attendees will walk out of this session with:
    – A grounded understanding of the real factors behind Africa’s rapid crypto uptake.
    – Insight into how stablecoins are being used for hedging in a volatile rate environment.
    – Perspective on the region’s unique regulatory landscape—and how central banks are reacting.
    – Lessons from emerging market strategies that could influence global crypto trading.

    Speakers:
    – Andres Felipe Perez, Director, Fintech Services South Africa (Moderator)
    – Hannes Wessels, General Manager South Africa, Binance
    – Christo de Wit, Country Manager South Africa, Luno
    – Pierre van Helden, Co-Founder – Director Business Development, FiveWest
    – Callan Richardson, Head of Growth, Bitget

    #fmas #fmas25 #fmevents #digitalassets #crypto #cryptoadoption #emergingmarkets

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

    While much of the world debates regulation and scalability, Africa is busy building. With retail-driven momentum and institutional interest on the rise, the world’s leader in crypto adoption bears both unique features and a glimpse into where the global market might be headed next.
    Attendees will walk out of this session with:
    – A grounded understanding of the real factors behind Africa’s rapid crypto uptake.
    – Insight into how stablecoins are being used for hedging in a volatile rate environment.
    – Perspective on the region’s unique regulatory landscape—and how central banks are reacting.
    – Lessons from emerging market strategies that could influence global crypto trading.

    Speakers:
    – Andres Felipe Perez, Director, Fintech Services South Africa (Moderator)
    – Hannes Wessels, General Manager South Africa, Binance
    – Christo de Wit, Country Manager South Africa, Luno
    – Pierre van Helden, Co-Founder – Director Business Development, FiveWest
    – Callan Richardson, Head of Growth, Bitget

    #fmas #fmas25 #fmevents #digitalassets #crypto #cryptoadoption #emergingmarkets

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!


    While much of the world debates regulation and scalability, Africa is busy building. With retail-driven momentum and institutional interest on the rise, the world’s leader in crypto adoption bears both unique features and a glimpse into where the global market might be headed next.
    Attendees will walk out of this session with:
    – A grounded understanding of the real factors behind Africa’s rapid crypto uptake.
    – Insight into how stablecoins are being used for hedging in a volatile rate environment.
    – Perspective on the region’s unique regulatory landscape—and how central banks are reacting.
    – Lessons from emerging market strategies that could influence global crypto trading.

    Speakers:
    – Andres Felipe Perez, Director, Fintech Services South Africa (Moderator)
    – Hannes Wessels, General Manager South Africa, Binance
    – Christo de Wit, Country Manager South Africa, Luno
    – Pierre van Helden, Co-Founder – Director Business Development, FiveWest
    – Callan Richardson, Head of Growth, Bitget

    #fmas #fmas25 #fmevents #digitalassets #crypto #cryptoadoption #emergingmarkets

    ???? Stay updated with the latest in finance and trading!
    Follow FMevents across our social media platforms for news, insights, and event updates.

    Connect with us today:

    ???? LinkedIn: / financemagnates-events
    ???? Facebook: / financemagnatesevents
    ???? Instagram: / fmevents_official
    ???? Twitter: / f_m_events
    ???? TikTok: / fmevents_official
    ▶️ YouTube: / @financemagnates_official

    Don’t miss out on our latest videos, interviews, and event coverage.
    Subscribe to our YouTube channel for more!

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Arnab Shome

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Entertainment

Tencent Music Posts 7.3% Q1 2026 Revenue Jump, Points to Triple-Digit Live Growth and Continued Superfan Expansion

0
A live performance from Jay Chou, whose Children of the Sun is said to have generated about $14.7 million on Tencent Music during Q1 2026. Photo Credit: GEM_Ady Amid a continued SVIP expansion and a triple-digit revenue boost on the concerts side, Tencent Music Entertainment (TME) has reported nearly $1.2 billion in Q1 2026 revenue.
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‘Wareware wa Uchuujin’ Reveals Main Cast, Additional Staff, Teaser Trailer

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Music The official X (formally...
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