DELTA sells 43.2% stake in MEVGAL for 25.86 million euros

DELTA Dairy, a member of Vivartia Group, on Thursday announced the sale and transfer of a 43.2% equity stake it held in MEVGAL SA to members of the Hatzakou family for 25.863 million euros.

In an announcement, DELTA said the seling price was 85% above the company’s book value recorded in DELTA’s accounts. The transaction will boost DELTA’s financial position and further facilitate its investment moves.