Ideal Holdings returns to industrial sector

Athens-listed company Ideal Holdings is about to acquire a yet unnamed Greek industry with production facilities inside the country.

Barring any unpleasant surprises, the agreement will be closed by the end of 2024, i.e. within the next three months, and it is likely that its value will exceed 100 million euros. Therefore, a few months after the sale of Astir Vitogiannis, Ideal Holdings will once again acquire an activity in industry, a sector that has been widely recognized as likely obtaining particular significance in the coming years.

The management of Ideal Holdings has been guarded about revealing the sector in which the industry under acquisition operates - given also that Ideal must stick to bourse regulations - without, however, ruling out its entry even into food. In the past, after all, it had made a foray into the beverage business, acquiring Three Cents...