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Strategic partnership between VNK Capital and PALIRRIA -SOULIOTIS S.A.

VNK Capital and  PALIRRIA -SOULIOTIS S.A., announce  the signing  of a strategic partnership through  the acquisition  by VNK Capital  of 36 %  of the  equity of PALIRRIA SOULIOTIS S.A..

VNK Capital is a private equity firm investing in Greek  and International  companies, which are  leaders in their fields , aiming  to  create added  value in those  companies  through innovative   strategies  and   flexible  financing  structures targeting  their  further   development  in both the  Greek and  International markets.

Palirria  – SOULIOTIS S.A., is a Greek  private company engaged  in the production  of  ready- to -eat meals  with a history and experience  spanning  more than 60 years.

With due  respect to traditional  Greek and Mediterranean cuisine, careful sourcing  of raw materials, adherence to  the highest  quality  and strictest food safety standards, Palirria’s  development is based  on  two basic principles, customer satisfaction on the one hand and the  continuous integration of innovative technologies in  the production of its traditional Greek and Mediterranean recipes on the other  .

Palirria – Souliotis  SA  is currently  the leading Greek exporter of ready- to- eat meals and  holds the position of No 1 Dolma producer in the world .

Its products are exported to more than 50 countries worldwide, with a strong presence in Europe, USA, Canada, Middle East and Australia.

The aim of the strategic partnership between VNK Capital and  Palirria is to further  expand  Palliria’s exports  which  currently represents more than   80% of company’s total  revenue.

The transaction is subject to the  approval of the competent regulatory authorities.

 

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