The Competition Commission has given the green light for the acquisition of Barba Stathis by Ideal, concluding that this consolidation does not raise significant concerns regarding competitive requirements in the relevant markets.

Note that the agreement stipulates that Ideal will pay €130 million for the acquisition of 100% of Barba Stathis' share capital.

With this acquisition, Ideal is expanding its activities portfolio and effectively reinvesting in the food and beverage sector, following its previous move in the soft drink market with the investment in Three Cents, which was later sold to Coca Cola HBC for €45.9 million.