Greece’s supermarket sector is set for a major shake-up after Diamantis Masoutis SA
Greece’s supermarket sector is set for a major shake-up after Diamantis Masoutis SA announced it has signed a private preliminary agreement to acquire 100% of ANEDIK Kritikos SA, bringing months of speculation to a close.
The deal, which both sides had said was only a matter of time since early December, must now be submitted to Greece’s Competition Commission for regulatory approval, as required by law.
In a joint statement, the two companies said they are satisfied with the progress of the process and stressed their shared commitment to business continuity, the protection of jobs and employee rights, and uninterrupted service to consumers across Greece.
For Masoutis, one of the country’s largest food retailers, the acquisition fits into a broader strategy to strengthen its market presence, support domestic production and its network of partners, and respect the people of Kritikos, its customers and local communities.
A long courtship
Negotiations between the two supermarket chains were in full swing at the start of 2025, with market insiders likening the talks to “a courtship that would end in marriage.” The discussions lasted several months, as Ioannis Masoutis and Angelos Kritikos, who are both seasoned dealmakers in the Greek retail sector, worked
Content Original Link:
Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
" target="_blank">Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
