ECONOMY

Business deals being put off until the political dust settles

business-deals-being-put-off-until-the-political-dust-settles

A number of entrepreneurs are expecting the country to start to return to normal after tomorrow’s general election, at which point they intend to proceed with business deals that had been agreed before being put on ice.

For instance, the acquisition of food products firm Nikas by an investment consortium featuring Greek food firm Chipita and Impala Invest BV from the Netherlands is reported to be in its last stage and should be completed soon.

By the end of the year, Nireus Aquaculture is expected to see the restructuring process of its loans completed, while the agreement for the absorption of the Veropoulos supermarket chain by rival retailer Sklavenitis is going proceed only after the full recapitalization of the country’s banks.