Marinopoulos agreement is still at risk

The contract for the undertaking of the Marinopoulos supermarket chain by peer Sklavenitis is at risk of being annulled, as the bankruptcy court was late in issuing its approval of the deal on Monday.

The delay, by one working day, of the verdict's issue after months of waiting could trigger one of the agreement's annulment clauses.

The decision by the bankruptcy court ratifies the agreement for the acquisition of the Marinopoulos chain.

The parties involved say this is a clear verdict in favor of the takeover by Sklavenitis, but no one can be sure there won't be any problems in the process.

Interested parties will likely be able to see the full text of the verdict on Tuesday, so they can agree on a legal formula to get around the impact of an annulment clause in the contract.

On Monday the legal representatives of the two supermarket chains and the...