A PYMNTS Company

Greece: Yogurt firms ink $6.2M consolidation deal

By  |  April 27, 2014

Two Greece-based yogurt firms have inked a deal to consolidate in a merger worth more than $6.2 million, according to reports.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Top dairy firm Delta Foods will acquire a 43 percent stake in MEVGAL, say reports, which will boost the VIVARTIA subsidiary’s stake in MEVGAL to 57.8 percent.

    According to reports, the merger could aid MEVGAL in its ongoing financial struggles as both the industry and Greece’s economy face challenging conditions. The merger remains subject to regulatory approval by the Hellenic Competition Commission.

    Full content: Greet Reporter

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.