Sani and Ikos join forces

Sani and Ikos join forces

Sani Resort SA and Ikos Resorts SA, both active in Halkidiki, northern Greece, announced their merger on Thursday.

The main stakeholders are Stavros and Andreas Andreadis and the investment funds will be managed by Oaktree Capital Management.

Participants also include Goldman Sachs Asset Management and Hermes GPE.

The plan concerns the strengthening of the hotel brands and the expansion of their investment activities in tourism.

Sources say the deal provides for an investment plan totaling up to 200 million euros in five years that will create up to 1,000 jobs.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.