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21 February 2018
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Delta and Chatzakos win controlling stake in MEVGAL

30 October 17 - RE+D Magazine
Delta and Chatzakos win controlling stake in MEVGAL

COMPANIES

ETAD.A.E.

Public entity - GREECE

Eurobank Property Services

Consultant - GREECE

Zeus

Fund - GREECE

NBG PANGAEA

REIΤ - GREECE

PEOPLE

Aristotelis Karytinos

CEO of NBG Pangaea REIC NBG Pangaea REIC

Dimitris Andritsos

CEO of Eurobank Property Services S.A Eurobank Property Services
Greek competition authorities on Monday approved an agreement between Delta Dairy and the Chatzakos family to jointly control the MEVGAL dairy company, a deal that creates new standards in the Greek milk and dairy products market.

 

Delta Dairy and the Chatzakos family will each hold a 43.18 pct equity stake in MEVGAL following completion of a share capital increase plan in the company (June 1, 2016), while under the agreement, MEVGAL has agreed to a debt restructuring deal.

The joint control deal is effective immediately.

"Delta and the Chatzakos family will enhance their cooperation, looking forward to a new prospect coming from the synergies of the two companies and making significant investments offering proof of their confidence in the Greek economy," an announcement said.

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