Shipowner Vardis Vardinoyannis, head of the Vardinoyannis Group and one of the most powerful players in the Greek economy, has died at the age of 91.

His family said in a statement:

"It is with deepest sadness that the Vardis I. Vardinoyannis family announces that his beloved father and grandfather, Vardis I. Vardinoyannis, passed away today, Tuesday 12 November 2024."

Since 1972 Vardis Vardinoyannis has headed one of the largest Greek business groups, having created an international range of activities in the oil, shipping, banking, hospitality and media sectors. The most important of these are Motor Oil, Optima bank, Vegas Oil and Gas (Egypt), Avin Oil, Piraeus Bank, ANEK Lines, Hellaktor, Star Channel, Alpha TV, NJV Athens Plaza, AVE Group of Companies, Odeon, etc. The group's flagship is the refinery unit of Motor Oil Hellas.