Vivartia delists Charalambides from AIM

Vivartia SA has delisted its 75% owned Cypriot dairy subsidiary, Charalambides, from London’s AIM. Vivartia currently holds 81% of Christis following a public offer, which is still in progress. Vivartia formally

Vivartia said the decision to withdraw Charalambides from AIM is due to low capital requirement at current stage. This is seen in line with management’s intention to merge Charalambides and Christis after the public takeover is completed.

The merger of Christis and Charalambides could have a positive impact of 4% on current EBITDA and 1.5% on EPS including synergies assumptions.