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Creta Farm In Spain


Creta Farm is close to reaching an agreement for its expansion in the Spanish market.


Talks with a local businessman have advanced and a deal may be struck in as soon as June.


In Spain, Creta Farm will use the model it follows in the US: It will control 50% of its subsidiary, while the local businessman (or businessmen) will hold another 50%. Products will be produced in Spain under the same patent used for products in Greece.


Creta Farm plans to expand its activities in more European markets.


In the first quarter of 2008, Creta Farms sales increased by 19.6% to 25 million euro. Profit after tax and minority rights rose to 938 thousand euro, 11.9% y-o-y.

Thanassis Papadis

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