ION: Spyros Theodoropoulos acquires 45% of the shares

After 6 weeks from the first report on the deal between Spyros Theodoropoulos and the emblematic chocolate industry ION and some denials from both sides, the agreement was finally officially announced.

Full announcement:

The shareholders of ION SA and the businessman Mr. Spyros Theodoropoulos are pleased to announce their agreement to establish a strategic partnership aimed at further developing the historic chocolate industry.

Mr. Spyros Theodoropoulos will participate in the share capital of the company, initially acquiring 45% of the shares, while in the future he will be able to acquire the majority of these.

ION SA is the large Greek chocolate industry with a history of 92 years that has been loved by many generations. Its Greek identity and the consistently high quality and unique taste of its products, have identified it with the memories of both our childhood and adult life.

Mr. Spyros Theodoropoulos is the businessman who managed to create the Greek firm CHIPITA and give it an international orientation and perspective. Based on innovation, the company’s unique products were loved by consumers worldwide.

The decisive role in reaching the agreement was played by the common principles and values, the common vision for a dynamic development and expansion in the foreign markets, in which Mr. Spyros Theodoropoulos has written an extremely successful course, and, finally, its strengthening and perpetuation. Greek identity of the historical chocolate industry.

It is noted that the current shareholders of ION SA will continue to exercise the management of the company.

In a joint statement, the shareholders of ION SA stated:

“ION is our historic family, which we have always faced with a lot of love, care and, above all, a sense of responsibility. In this context, and with a view to the future, we decided to join forces with the successful businessman Mr. Spyros Theodoropoulos. We firmly believe that the common values ​​and principles, and, above all, our common vision, will be a springboard for our company for a great course in the future.”

Mr. Spyros Theodoropoulos stated:

“The agreement with ION is not just another agreement! ION and its history in our country, is a chapter that needs respect from us who will deal with its further development. The relationship of consumers with ION – that is, all of us – is a timeless and highly emotional relationship and we will make every effort to keep it the same!

We have loved ION products since we were children and this is and will remain a dominant element in our relationship with the historical chocolate industry “.