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Vivartia Food Group eyes Everest fast-food chain February 7, 2008

Posted by grhomeboy in Business & Economy, Food Greece.
Tags: , , ,

Greece’s largest food group, Vivartia, is in preliminary talks with Everest to buy a stake in the fast-food chain, Vivartia said yesterday.

Everest, with a current market value of 85.5 million euros, runs a network of 184 fast-food stores in Greece, Cyprus and Romania. Vivartia, which owns fast-food chain Goody’s, plans to invest 800 million euros ($1.17 billion) to expand activities in Southeastern Europe by 2012. Vivartia is 84.6 percent-owned by Marfin Investment Group.

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