Over 20 food and drink sector M&A deals in 2023

More than 20 business deals were closed in 2023 in the food and beverage sector in Greece, a sector that was once again dominated by strong mobility. Moreover, a number agreements were launched in 2023 that are expected to be closed in 2024.

Last year, the sector of bottled water and non-alcoholic beverages in general did remarkably well, with the protagonists being Vivartia, but also Spyros Theodoropoulos, who are expected to star in business deals in the food and beverage sector in 2024 as well. Dimitris Daskalopoulos is also expected to play a central role, as the once powerful player of the Greek food industry has maintained connections with the industry even after selling his stake in Vivartia.

At the same time, anxiety is lingering over what will happen to Avramar, the country's biggest fish farming venture, with creditor banks seeking to sell it if its current...