Ideal Holdings announced that today, Thursday, the contract through which it will acquire 100% of the shares of Barba Stathis was signed.

According to the announcement, by making one of the largest acquisitions in recent years in the Greek food market, worth €130 million, IDEAL Holdings aspires to contribute to the further sustainable growth of Barba Stathis, a leading company in the industry.

By expanding its diversified portfolio of holdings with an additional sector with high resilience and strong growth prospects, the acquisition of Barba Stathis is part of IDEAL Holdings' proven successful investment strategy that focuses on investing in and then growing Greek companies with a dominant market position, strong management, healthy financials and significant growth prospects.

Lambros Papaconstantinou, Chairman of the Board, IDEAL Holdings, said, "We are very proud to invest today in a leading and historic Greek company. Our goal is to contribute to the further growth of BARBA STATHIS in the Greek and international markets with new investments that will further strengthen our already successful brands, as we have already achieved with our investments in the IT and specialty retail sectors.

At the same time, the acquisition confirms the potential of IDEAL Holdings, a Greek holding company, to invest and develop Greek companies and entire industries, creating value for the companies themselves, their employees, investors, shareholders and the country's economy as a whole."

The transaction is subject to the approval of the Competition Commission and is expected to be completed within the next few months.