Nikas

Businessman Spyros Theodoropoulos received the prestigious Alba Business Unusual Award from the Alba Graduate Business School of the American College of Greece for his continuous contribution to Greek entrepreneurship and society.

After an increase of Nikas's share capital was approved during a general meeting on Thursday, food company Chipita can now buy a majority stake in the troubled cold cuts producer.

Chipita is expected to pay up to 23.27 million euros for the controlling stake.

Eurobank, which controls 11.99 percent of Nikas, did not respond to questions about its plans for the company.

The year has started with the completion of an important deal that is set to signal the recovery of cured meat producer Nikas and expand the activity of new owner Chipita beyond the category of snack foods.