Greece sees record M&A, highlighting investor interest in key sectors

From financial services to healthcare, from food products to technology companies, Greece continues to see an ever growing trend in mergers & acquisitions, underscoring the bright prospects in the Greek economy and the country’s growing strategic significance.

According to estimates, there were more than 80 major M&A deals completed last year – a record number – spanning a variety of industries and involving both foreign and domestic investors.

Notable transactions in 2025 included the acquisition of a 60% stake in Hellenic Healthcare Group by UAE-based Pure Health Holding for €800 million, and the acquisition of Ethniki Insurance by Greece’s Piraeus Bank for €600 million. Late last year, pan-European stock exchange and trading platform Euronext announced it will acquire the Athens Stock Exchange in an all-stock transaction valued at approximately $470 million – although that deal has not yet been completed.

Particularly notable has been M&A activity in Greece’s fast growing food and beverage sector – accounting for almost a quarter of last year’s transactions. In total, some 17 major deals were inked last year for pastry and dough products, food retailers, meat manufacturing and processed meats, olive oil, dairy products and wines, among others.

These follow a series of mergers and acquisitions that have reshaped the Greek F&B landscape over the past five years, and which have heralded new investment in the agro-food sector as the industry rapidly expands into overseas markets. According to the latest analysis by the Greek Exporters Association, food exports in the 11 months to November rose 9% to €8.2 billion, making F&B among Greece’s top performing export sectors in 2025.