Greek business landscape shifts with €7 billion in new deals

The Greek business landscape is undergoing significant transformation driven by a wave of mergers and acquisitions, with transaction values estimated to exceed €7 billion this year. This trend spans multiple sectors, including food, retail, banking, infrastructure, media, and technology.

In the information technology and ICT sector, major shifts are occurring following significant deals in the first half of the year. Notable movements include DECA Investments acquiring a 40% stake in DOTSOFT via Diorama II, and a major transaction involving Nova ICT, where Motor Oil acquired a 50% stake from Nova, while Latsco Family Office and EOS Capital Partners secured the remaining 30%. There is market speculation regarding a potential collaboration between Real Consulting and Nova ICT to handle large-scale technology projects.

Other major corporate developments include Masoutis absorbing ANEDIK Kritikos in the retail sector, Blackstone completing its entry into Skroutz, and Cooke acquiring Avramar. In the energy and telecommunications space, DEH and Vodafone have partnered for fiber optic network development, while Motor Oil and ANT1 are involved in creating a joint subscription platform.