Carlsberg Group has completed an acquisition of Greek brewery Olympic.

The acquisition follows a merger of the two companies in 2014, which saw Carlsberg Group gain a majority stake in Olympic of 51%. This latest deal sees Carlsberg Group purchase the remaining 49%.

Carlsberg Group CEO Cees ‘t Hart said: “Olympic Brewery is a historic Greek company and a very strong player in the Greek market. It is thus a positive and logical next step that we announce today, strengthening our presence in Southern Europe.”

“The acquisition follows a merger of the two companies in 2014, which saw Carlsberg Group gain a majority stake in Olympic of 51%.”

Olympic Brewery operates two breweries in the city of Thessaloniki and the island of Evia (Euboea) respectively.  Its portfolio of beer brands include Mythos, Mythos Radler, FIX Hellas, FIX alcohol-free, FIX Dark, Kaiser and Henninger, as well as its Carlsberg, Tuborg and Somersby cider brands.

With nearly 450 employees in Greece, Olympic Brewery operates 90,000 point-of-sale locations, which include more than 2,000 partners and suppliers.

Founded in 1847 by brewer J C Jacobsen, the Carlsberg Group has a portfolio beverage brands such as Carlsberg, Baltika and Tuborg.

With 41,000 employees, the group’s products are sold in more than 150 markets.