Greece’s largest food company Vivartia looks set to receive a takeover bid from its largest shareholder, it emerged today (18 July).

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Marfin Investment Group (MIG) said it intends to submit an offer for the whole of Vivartia after building its stake in the company to over 50.8%.


The announcement comes just days after MIG took a 30% interest in Vivartia, which was formed last year with the merger of dairy group Delta Holdings and snacks maker Chipita International.


Vivartia is market leader in a number of food categories in Greece and has operations in 29 countries.

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