DECA Investments, exclusive manager of Diorama Investments Sicar, on Monday announced an additional investment in Damavand SA through a share capital increase plan worth 8.0 millon euros. In an announcement, DECA Investments noted that after completion of the share capital increase scheme, Diorama will acquire the majority of Damavand’s equity capital, according to ANA.
Damavand is a dynamic Greek enterprises, with activities in manufacturing of agricultural products, tomato and fruit juices, with a strong export orientation. The investment will allow Damavand to expand its production base, to exploit its comparative advantage of geographical position, to significantly raise sales and exports and to further boost its position in the international markets.
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