HIG has been in a growth phase in recent years, and will invest €600 million by 2027.

According to BnB Daily, this amount has been locked in and includes the renovations of the hotels it manages as well as the Hull Logistics Park in Aspropyrgos. The same sources say that at the same time the group is also going to make new acquisitions, the budget of which is not included in the above investments. 

THE MERGER

At the same time, a strong player in the logistics sector is being created, with a leading position in the domestic market and international activity under the distinctive title "OB Streem". It is the result of the merger of Orpheus Veynoglou through the absorption of Streem Global Supply Chain Solutions. The main shareholder of the new entity is HIG. 

The merger plan has been published in the GEMI and is now subject to the approval of the Competition Commission. 

The new company

• will have an annual turnover of more than €320 million.
• will employ more than 1,900 people
• will have a storage capacity of more than 400,000 m2 in owned and leased facilities

OB STREEM

It is noted that OB Streem already has a market share of around 20% in logistics. It operates in Greece, Bulgaria, Romania, Romania, Serbia, Hungary, Moldova, North Macedonia and Kosovo, with main operational centers in Athens, Thessaloniki, Bucharest, Belgrade, Sofia and other strategic locations in Southeast Europe. It provides a comprehensive range of services including contract logistics (3PL), transportation, international freight forwarding, courier services and special logistics solutions (construction, art and exhibition transport).