Chairman of the Board of Directors of Coca-Cola HBC, George David, accepted FSF’s proposal to become Eurobank’s CEO. At the same time the European Financial Stability Facility along with CEO, A. Sakellariou, suggested David take over the presidency of the bank, the businessman had been closing down the famous Greek company Nutriart ABEE which produced bread and bakery products under the Katselis brand.
Specifically, G.David’s family stated that the deepening of the crisis together with the serious delays in the restructuring of the obligations to the banks are the two main reasons for the bankruptcy.
Out of these 130 million, a € 10 million debt is to be paid to Eurobank, which after a relevant regulation was reduced to 5.7 million.
David, the Coca Cola company Chairman of the Board of Directors and new chairman of Eurobank, moved Coke’s headquarters to Switzerland and closed down Nutriart.