On 07.03.2023, the anonymous company was established under the name “AVE DAIRY INDUSTRY MONOPROSSOPI S.A.” and the distinctive title “AVE DAIRY INDUSTRY”, in which the 100% subsidiary of the Company participates under the name “AVE PARTICIPATION LIMITED” as the sole Shareholder, and with the main object of operations, among others, the purchase and processing of milk of all kinds and the production of dairy and cheese products.

On 30.06.2023, the transfer of Kristelcom Group ltd was completed.

On 30.06.2023 the Group through its 100% subsidiary company AVE PARTICIPATION LTD proceeded to increase its participation in the company Retail & More A.E. at 65%.

AVE acquires the majority of shares of Retail & More S.A. which is active in the Wholesale and Retail trade of Food and other items. Retail & More has taken over the Carrefour Master Franchise in Greece with the aim of relaunching the Carrefour Brand through the operation and development of retail stores with the Carrefour brand as well as the promotion of Carrefour products in the Greek market.

Retail & More SA, through its subsidiary company Retail and More Bulgaria, signs the master franchise agreement with Group Carrefour for Bulgaria in order to further develop its network.

Retail and More SA acquires the company “THEODOSIOS CHOULIOPOULOS EPE ECONOMY MARKET” which has 11 retail outlets in Attica.

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