Through First Runner, A. Katsiotis of ELGEKA acquires Dodoni Ice Creams

To confirm the information that wanted Alexandros Katsiotis, the main shareholder of the company ELGEKA and listed on the Athens Stock Exchange, to be the one who has acquired the economically struggling company, Dodoni Pagotas, comes the official announcement of the company First Runner, which is a company of his interests entrepreneur who will acquire the acquired company.

First Runner, working with the consulting company, Value Partners, in the coming months will develop the business plan with the aim of dynamically restarting Pagota Dodoni and claiming a larger share in the highly competitive ice cream category. In this context and according to the relevant announcement, the amount of investments that will be launched by First Runner for the recovery of Pagota Dodoni will be determined, creating greater opportunities for growth in the sector.

First Runner is a holding company created in 2020 with the main objective of participating in large-scale development investments in Greek small and medium enterprises (SMEs) that operate mainly in the food and beverage sector, according to the relevant information. First Runner’s management team consists of experienced and accomplished executives who have previously held important positions in both the food and beverage and investment industries. In its board of directors, in addition to Alexandros Katsiotis, who maintains the duties of president and managing director, the vice president of ELGEKA, Aris Hatjatourian, also participates with the duties of vice president in this particular company.

It is noted that at the end of 2021 the company proceeded with a share capital increase of 3.4 million euros, while it was also preceded during 2021 by a capital increase of 650 thousand euros.

G. Lampiris