By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas REAL ESTATE 1) Dimand Sells Minion Property for €36.7m Dimand completed the sale of its wholly owned subsidiary Alkanor M.A.E. to ABINVEST, a subsidiary of Alpha Bank, for a consideration of approximately €36.7m. The sale price was determined based on the net asset value method, while Dimand’s total investment in the project was significantly lower than the final consideration, highlighting the value generated from t

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas FINANCIAL INSTITUTIONS 1) Alpha Bank Acquires Altius and Creates 3 rd  Largest Insurance Player in Cyprus The Greek bank will acquire 100% of Altius Insurance Ltd. and subsequently merge its operations with Universal Life Insurance Ltd., a company of the Photos Photiades Group, creating a significant player in Cyprus’ insurance sector. A key condition for the transaction is that Alpha Bank will hold a majority stake

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas MATERIALS 1) Titan S.A acquired Traçim Çimento Sanayi ve Ticaret A.Ş. Titan S.A has signed a SPA for the acquisition of Traçim Çimento, an integrated cement production facility in Western Turkey, for c. €161.8m. The transaction is expected to be completed within the first quarter of 2026 and contributes to the Group’s TITAN FORWARD 2029 strategic roadmap. Transaction Value: €161.8m The Target Traçim Çimento specializ

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas TECHNOLOGY, MEDIA & TELECOMMUNICATIONS Antenna Group Acquires Options & Town Cinemas Antenna Group has acquired Options & Town Cinemas, expanding its cinema network to 11 multiplexes and 3 open-air cinemas with a total of 94 screens across major Greek cities such as Athens, Thessaloniki, Patras, Larissa and Volos. This move follows its earlier purchase of Village Roadshow Operations Hellas and forms part of a bro

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas TECHNOLOGY, MEDIA & TELECOMMUNICATIONS 1) Profile S.A. to Acquire 87.23% of Algosystems S.A. Profile Systems & Software S.A. has reached a binding agreement to acquire 87.23% of Algosystems S.A., marking a strategic expansion into the wider technology, automation, and metrology sectors. As this website had previously written, the move aligns with Profile’s broader plan to strengthen its position in integrated tec

By Nikos Tsolakis, Stavroula Bichta, and Dimtris Machairas Brook Lane acquires Porto Bello Hotels Brook Lane Capital acquired 100% of Anaptixi Aigaiou Hotel Enterprises S.A., the owner and operator of Porto Bello Hotels Hellas. Located on the island of Kos, Porto Bello Hotels is a hospitality complex comprising two beachfront hotels with a combined capacity of 744 rooms, 18 F&B outlets, and 47 pools. AXIA Ventures Group acted as the exclusive financial advisor to the sell

By Nikos Tsolakis, Stavroula Bichta, Thanasis Ntatsis and Dimtris Machairas TITAN Group to expand its presence through a double acquisition TITAN Group acquires Standard Ypodomon S.A., strengthening its footprint in regions with high growth construction potential. The wider Heraklion area is expected to experience increased development driven by the new Kasteli Airport and other infrastructure projects.   The Group has entered into exclusive negotiations to acquire Vracs

By Nikos Tsolakis, Zeynep Giousemoglou, Thanasis Ntatsis and Dimtris Machairas Coca Cola HBC to Acquire 75% of Coca Cola Beverages Africa Coca Cola HBC, a strategic bottler of The Coca Cola Company (TCCC) listed on the ATHEX and LSE, has reached an agreement to acquire 75% of Coca Cola Beverages Africa (CCBA) from TCCC and Gutsche Family Investments (GFI) for c. $2.55bn effectively valuing the company at $3.4bn. GFI will fully exit CCBA by selling its 33.48% stake ($1.3bn in

By Nikos Tsolakis, Dimitris Chatziasimiadis, Zeynep Giousemoglou, Thanasis Ntatsis and Dimtris Machairas Theon Acquires 9.8% of Exosens for €268.7m Theon International reached an agreement with three of Groupe’s subsidiaries to acquire a 9.8% stake in Exosens for €54 per share, for a total transaction value of €268.7m. UBS and Citi will provide a bridge facility to finance the acquisition, which will later be refinanced through the issuance of new debt and equity shares.   U

By Nikos Tsolakis, Dimitris Chatziasimiadis, Zeynep Giousemoglou, Thanasis Ntatsis and Dimtris Machairas OB Streem Eyes a Double Acquisition in The Logistics Sector HIG Capital, through its portfolio company, OB Streem, is in advanced talks to acquire two logistics solutions providers, Med Frigo and Eurofreight. The stake that OB Streem is planning to acquire in each target is still unknown. The Targets Med Frigo  is a Greek private equity-backed company, specializing in col

Special Biweekly version of our M&A Debrief

By Nikos Tsolakis, Thanasis Ntatsis and Zeynep Giousemoglou Returning after the summer break, this Weekly Debrief features ION's strategic investment in Ellinikon, Unicredit's stake increase in Alpha Bank, and the acquisition of the historical meat processing company Nikas S.A. by Ifantis. Deal Between Lamda and ION Group for R&D Center in Ellikon   The Deal: LAMDA Development has accepted a binding offer, valued at €450m, from ION Group for land within The Ellinikon Proje

By Nikos Tsolakis, Thanasis Ntatsis and Zeynep Giousemoglou Our last weekly Debrief before our August break features 4 transactions, including Theon's acquisition of Kappa Optronics, a strategic move that strengthens the company's position in the regional defense industry. TITAN and Molins Acquire Baupartner.   The Deal: The Titan Group and Molins are set to acquire 80% of Baupartener , while the company’s founders will retain a minority stake. Through this strategic move,

By Nikos Tsolakis, Thanasis Ntatsis and Zeynep Giousemoglou Interesting developments in the Greek M&A landscape, with AXIA Ventures appointed as the financial advisor in two landmark transactions in the renewable energy and hospitality sectors. Also, a white knight has appeared in the Avramar case while the deal is in the closing stages, as Alma Advisors advises on another deal involving an SCI and debt financing. Principia Acquires 100% Stake in EDPR’s 150MW Wind Portfoli

By Nikos Tsolakis and Zeynep Giousemoglou We combined the last two weeks' worth of content into a single article to due to both time constraints and the lack of significant developments. The deal that stood out this week was Euroclinic's acquisition by Generali, indicating further consolidation in the healthcare sector as Generali seeks to become an integrated insurance and health provider in Greece. Double Acquisition from Alter Ego Media   The Deal: Alter Ego Media acquired

Find out more about the cross-border acquisition of Bally's International Interactive

This week's M&A Debrief feautures 6 M&A deals in the Greek Market

By Nikos Tsolakis and Zeynep Giousemoglou In our most extensive article yet we cover one of the most active weeks for the Greek M&A scene in a long time. Intralot's international expansion through a €2.7b deal is the week's landmark deal, with Euronext's bid for ATHEX not falling far behind. We also cover two deals in the renewables industry by Aktor and HelleniQ, the acquisition of Dodoni by Hellenic Diaries and the expansion of Real Consulting in the Balkans. Euronext ha

By Nikos Tsolakis and Zeynep Giousemoglou This week the acquisition of Euromedica clinics by Errikos Dynan is in the spotlight, signaling increased interest in a sector in which large international funds such as CVC and Oaktree hold significant positions. There were also two transactions, a majority acquisition and a tender offer, involving listed entities in both Greece and the U.S. Lastly AstroBank’s acquisition by Alpha Bank was completed this week with only regulatory app

By Nikos Tsolakis, Thanasis Ntatsis and Zeynep Giousemoglou Plenty of action in the Greek M&A scene this week, as Nikos Vardinogiannis is set to complete 2 minority investments through his family office and subsidiary respectively, Alpha Bank increases its exposure to real estate through Prodea and Qualco expands its capabilities through the Empedus acquisition. This week's article features a foreign transaction as well, due to the fact that the sell-side advisor was a dynami