GREECE - Vivartia strengthens its position in the Greek food market
MIG's food and beverage investment arm, Vivartia, is preparing a bid for the Everest group and Olympic catering, both Athens-listed food service companies. The deal will be done through newly created holding company Alkmini Catering. Vivartia owns 51% of Alkmini Catering and Greek entrepreneur Laventios Freris holds the balance.
The Everest group is one of the large players in the Greek food services market and is 26% owned by Laventios Freris. Olympic Catering operates canteens in airports and industrial catering, provides in-flight catering and handling services.
Everest owns 44% of Olympic.
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