The Greek securities regulator has approved the acquisition of the remaining shares Nestlé Hellas does not already hold in Delta Ice Cream through a squeeze-out process.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Its delisting from the Athens Stock Exchange had also been approved, Delta said in a stock market filing yesterday (23 November).


Nestlé Hellas, the Greek unit of Swiss food giant Nestlé, had purchased 96.53% in Delta’s ice cream operations, for EUR111m in May. It increased its stake to 98.5% through a public offering of EUR6.63 per share.


Delta Ice Cream has activities in Greece, Bulgaria, Romania, Serbia, Montenegro and the Republic of Macedonia.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now