Just as the three-year term that the agreement with Mondelez committed him to engage in subject matter that could rival Chipita’s activities was coming to an end, Spyros Theodoropoulos is officially moving ahead with the acquisition of ION’s former subsidiary, Bulgarian Interion AD, which produces the NuCrema chocolate paste, which had been excluded from the deal with the Kochiopoulou family. It is recalled that Mr Theodoropoulos’ intentions for Interion AD were revealed by newmoney last year.

Yesterday, the decision of the Board of Directors of ION was posted in the General Register of Companies for the preparation of a transaction concerning the purchase by the company of all 330,000 shares held by the shareholders of “INTERION AD” and the conclusion of the relevant contract subject to the completion of any necessary approval procedure by 30 June.

The price was set at EUR 10 million, which means that Interion’s shareholders are also selling at a premium, having allocated EUR 7 million for its purchase following the sale of parent company ION.

Interion’s return to ION is expected to change the chocolate maker’s financials but also to allow the implementation of the growth plans that Mr Theodoropoulos has laid out.