Greece
's EFG
Eurobank Ergasias SA (EUROB.AT), the country's No. 2 lender, said Thursday it
has made two separate investments in companies in the food export and green
technology sectors.
Eurobank said it has acquired a stake of less than 5% in food export company
Chipita. Additionally, the bank acquired a 40% stake in green technology and
waste management company Mesogeiosk, jointly with Laskarides Group via a common
vehicle named Sinda Enterprises.
The bank's Eurobank EFG Equities unit is planning a series of investments in
competitive exporting business and wants to strengthen its presence in green
technology firms, Eurobank said in a statement.
"With these two investments, the group is living up to its commitment to
support exporting companies that will assist in the growth of the Greek
economy. These efforts contribute to the restructuring of the local economy,"
said Kostas Mitropoulos, chairman of Eurobank EFG Equities.
Chipita is one of the largest Greek export companies with a presence in 34
countries. It generated sales of EUR515 million in 2009.
Mesogeios provides a range of environmental protection services, including
water management and biological methods for treating waste.
Financial
details of the two transactions weren't disclosed.