Sklavenitis completes purchase of Halkiadakis SA‏

Sklavenitis completes purchase of Halkiadakis SA‏

I.S.Sklavenitis, a Greek supermarket chain, on Monday announced the completion of a purchase of a 60 pct equity stake of Halkiadakis SA from Veropoulos Group and said that the Halkiadakis board elected its new members, where Sklavenitis has majority.
Under the agreement, Sklavenitis gains strong presence in the Cretan market, where Halkiadakis operates a network of 38 units with a workforce of 940.
Sklavenitis said it was awaiting Greek competition authority approval for a deal to acquire Makro Cash & Carry.