The Azur Selection Engages a Big 4 Firm to Drive Financial Optimization and Accelerate Growth
21 Octubre 2024 - 12:02PM
Business Wire
Regulatory News:
The Azur Selection (ISIN : GRS528003007 - Mnémonique :
MLAZR), a Greek hotel company listed on the Euronext Access +
market in Paris, announces to engage a Big 4 firm to drive
financial optimization and accelerate growth.
The Azur Selection, a prominent player in the hospitality
investment sector, has engaged with a leading global professional
services firm (a Big 4 accounting firm), to fortify its tax
compliance governance and transform its tax and accounting
functions. This strategic initiative aims not only to optimize
internal processes but also to ensure alignment with best
international practices, ultimately enhancing operational
efficiency across the organization.
At the heart of this initiative is a commitment to strengthening
Azur Selection’s tax reporting systems. The focus will be on
ensuring compliance with evolving tax regulations, thereby
mitigating risks associated with tax governance. By improving the
accuracy and timeliness of financial reporting, the firm aims to
create a robust framework for compliance that supports informed,
data-driven decision-making. This transformation is expected to
contribute significantly to the company’s sustainable growth and
profitability.
Mr. George Arvanitakis, President & CEO of Azur Selection,
underscored the significance of the engagement: “By refining our
tax compliance governance and accounting functions, we are not only
enhancing operational efficiency but also reinforcing our
leadership position within the hospitality sector. This initiative
is designed to improve profitability, minimize operational risks,
and strengthen our value proposition to investors.”
Through this initiative, Azur Selection seeks to streamline
compliance processes and enhance its financial management
capabilities. By prioritizing tax compliance governance, the firm
is positioning itself for long-term operational success and
continued growth in an increasingly competitive market. This
proactive approach will ensure that Azur Selection not only meets
tax regulatory requirements but also sets a benchmark for best
practices in tax and accounting functions within the industry.
About The Azur Selection
The Azur Selection is a leading Greek company specializing in
the ownership, operation, development, and management of hotel and
entertainment facilities. With a portfolio of several successful
hotels in Greece, The Azur Selection has become synonymous with
excellence in the hospitality industry. Since 2022, the company has
been listed on the Access+ market of Euronext Paris under the code
GRS528003007 and mnemonic code MLAZR.
https://www.azurselection.com/about-azur
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The Azur Selection Chief Executive Officer George
Arvanitakis
NewCap Investor Relations Théo Martin Tél. : +33 (0)1 44
71 94 96 theazurselection@newcap.eu
NewCap Media relations Nicolas Merigeau Tél. : +33 (0)1
44 71 00 15 theazurselection@newcap.eu