BUSINESS

Chipita undertakes entire Nikas project

TAGS: Business

Food company Chipita, owned by Spyros Theodoropoulos, and Dimitris Vintzileos’s Impala Invest have announced they will discontinue their cooperation regarding the investment in and the financial restructuring of cured meat company Nikas, with Chipita adding that it will undertake the project by itself.

The management of Chipita told Kathimerini that while there have been no changes to the terms of the agreement, after the development recorded on Wednesday, the shares of the special purpose vehicle undertaking Nikas will be 100 percent owned by Chipita, instead of the original 50 percent.

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