The agreement goes into completion Masuti and Cretan, for the acquisition of the second from the first, after the green light it gave on Friday (15.5.2026) Competition Committee.
As announced today (16.5.2026), the competent Competition Committee announced its decision to approve the exclusive control of ANEDAK CRETETIC S.A. by Diamantis Masutis S.A.
The decision was announced on Friday, 15 May, following an examination and evaluation of the elements of the agreement.
It is worth noting that Masuti, with a history of 49 years and a springboard in Thessaloniki, in 2025 it had a turnover of EUR 1.2 billion with a network of approximately 400 stores while After the acquisition of the Cretan chain Masuti's turnover is launched at around 2 billion euros, with network over 1,000 stores throughout Greece and the largest network of corporate and cooperating stores.
Masuti also strengthens its position in infrastructure and real estate. It already has one of the largest logistics center in the Balkans surface 62,000 sq.m. on a plot of 145 acres.
Furthermore, the fair value of privately owned buildings and facilities with a capacity of EUR 300 million is estimated to reach EUR 350 million the next day of the acquisition.
Meanwhile, The new Grand Masoutis was recently inaugurated on the Three Bridges, a mixed-use project, where retail trade is combined with residential development, at a time when finding large land in Attica is becoming increasingly difficult. Masuti's plan is to increase the number of Grand Masutis, although the real estate in Greece for large spaces is not easy, as the company's CEO Theodoros Gerestergyoudis reported in a related presentation (2.4.2026).
