Mubadala Investment Company

Turkish grocery delivery app Getir has announced that it has received a new fresh investment of $250 million and that it will split into two groups.

Mubadala Investment Company, which injected the fresh capital, will hold the management and majority stake in the first group that will focus on food and grocery delivery operations in Türkiye.

Turkish grocery delivery app Getir said on Monday it was withdrawing from the United States and its remaining locations in Europe to focus instead on its domestic market.

Getir said in a statement that it was leaving the U.K., Germany, the Netherlands and the United States — countries where it generated seven percent of sales.

Fish farming company Avramar has received a joint bid for its acquisition by Spanish and Arab funds, which it has accepted, as have its creditor banks, Kathimerini understands.

Despite its significant problems, Avramar still commands a leading role in the Greek and more broadly in Mediterranean fish farming.

Poros will become the third "green" island under the government's GR-eco Islands national initiative, Prime Minister Kyriakos Mitostakis has announced at the COP28 conference in Dubai.

The transformation of the island would take place in collaboration with United Arab Emirates state-owned green energy company Masdar, he added.

Home delivery grocery app Getir has said it will implement a widespread redundancy plan that unions say will involve cutting 1,560 jobs as it withdraws from the Spanish market.

The move came just 10 days after the Turkish grocery delivery firm said it was pulling out of the French market, citing complex legal regulations.

Turkish on-demand delivery pioneer Getir's valuation rose to over $7.5 billion, thanks to the investment of $550 million it received.

Getir will utilize the latest capital injection to fuel its expansion into the U.S., the Istanbul-based platform said in a statement on June 4.

Foreign Minister Nikos Dendias, currently on a visit to Abu Dhabi, was scheduled to meet on Monday with business representatives in a bid to strengthen bilateral economic relations between Greece and the United Arab Emirates.

European Union antitrust regulators on Friday approved the joint acquisition by funds Mubadala and Amerra of three Greek fish farming firms, including Selonda and Nireus.

The acquisition is subject to the sale of fish farms that produce 10,000 tons of Mediterranean fish and the sale of hatcheries that produce 50 million pieces of fry, the European Commission said.

Mubadala Investment Company, the state investment firm of the United Arab Emirates, is preparing a set of investments worth 400 million euros in Greek enterprises in cooperation Greece's New Economy Development Fund (TANEO).

The emphasis will be on the sectors of tourism, healthcare, food and energy, to which end the two bodies yesterday issued an invitation of interest.