Marinopoulos-Sklavenitis deal in the final stages, following court decision

An Athens first-instance court on Friday annulled a resolutory condition in the agreement for the sale of the Marinopoulos SA supermarket to the Sklavenitis Group. This effectively allows the sale to go ahead as planned.

Based on existing time schedules and once the talks between the parties on additional financing are concluded, the Marinopoulos branch network is expected to be incorporated in the Sklavenitis group within the next few weeks.