By D. Alexaki
A deadline for binding offers for Greek luncheon meats maker Creta Farms expires on Monday evening, part of a last-ditch effort to keep the once high-flyer producer in business, in the wake of a “family feud” between the two main shareholders, the Domazakis brothers.
The company is already under temporary bankruptcy protection from creditors, with a new hearing set for Dec. 11, 2019.
Three “suitors” appeared in the initial non-binding phase, namely, businessman Theodoros Douzoglou, via the company SCD Group Ltd; investor Dimitris Vintzileos, who heads up the fund Impala Invest BV and Lime Capital Partners, owned by the Dodoni dairy maker.
A question mark ahead of Monday’s deadline is whether Nikas, one of two of the largest such food producers in Greece, will table a binding offer.
