Mplus Group to acquire a 51% stake in Panvita Group for €50m.

Mplus Group, a business process company, agreed to acquire a 51% stake in Panvita Group, a agri-food group dedicated to the sustainable production of high-quality food, for €50m. "Panvita wants to become one of the leading food companies in the region of Southeastern Europe. The center of our development and business operations, as well as the new group based on the foundations of Panvita, remain in Slovenia, but regional partnerships are of key importance for increasing the effectiveness and speed of implementation of our strategy, and, in Mplus, we recognized the best partner for the development and positioning of Panvita and the new Group, as a regional leader. Through strategic acquisitions and consolidation within the sector in the region, we will build on the multi-decade expertise of the Panvita team in partnership with Mplus, which will provide additional capital and knowledge necessary for the growth and realization of our plans," Peter Polanič, Panvita President.