Vivartia

By the end of June 2025, frozen vegetables market leader Barba Stathis will have finalized its agreements with two large multinational companies for which the Greek company will undertake to produce plant-based protein products.

The two multinationals remain unnamed for now.

Hello, a few words on the great tragedy that Spain is experiencing with the loss of 95 lives due to deadly floods in Valencia. This issue is, of course, not meant for comparisons with similar emergencies in our own country or elsewhere, but it should be noted that: a) The flood intensity reached 120-380mm of water per sq.m., while in Daniel, it reached 850mm per sq.m.

Food conglomerate Vivartia returned to profitability after four years, financial results showed Thursday.

Concurrently with this turnaround, the company reduced its indebtedness.

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.

US investment fund CVC Capital is rapidly evolving into the biggest foreign investor in Greece, as it is currently in negotiations for the acquisition of an 80% stake in Ethniki, Greece's biggest insurer, for about 450-460 million euros.

CVC Capital has obtained full control of Greek food giant Vivartia through a 600-million-euro deal with owner Marfin Investment Group, following the MIG board's decision to approve the transfer.

Vivartia, Greece's biggest food group, has come to a definitive agreement with the country's four systemic banks on the restructuring of its debts, which amount to 373 million euros.

Two of the biggest food companies in Greece, Elais-Unilever Hellas and Delta Foods, are joining forces on a line of products in a cooperation seen strengthening domestic food production.

Andreas Vgenopoulos, the lawyer turned businessman who founded one of Greece's largest holding groups, died at the age of 63 early on Saturday following a heart attack.

Vgenopoulos was the founder of Marfin Investment Group, which owned a number of businesses in Greece and southeastern Europe.

By Dimitra Manifava

Food group Chipita is relocating back to Greece from Cyprus, bucking the recent trend of major enterprises leaving this country. The move is based on the improvement in Chipita?s net position and on the decision to relist the company on the Greek bourse, according to the company?s CEO Spyros Theodoropoulos.