SK Group Becomes Sole Owner of ELVO, Plans to Expand Global Defense Manufacturing

SK Group becomes sole owner of ELVO, plans to expand global defense manufacturing

SK Group had previously been a shareholder in the Thessaloniki-based ELVO, but recently acquired all remaining shares.

Israel’s SK Group Takes Full Control of Greece’s ELBO Defense Industry Giant

ELBO Factory. Credit: Greek Ministry of Defense via AMNA SK Group has acquired full takeover of ELBO, Greece’s leading manufacturer of military and civilian vehicles, after purchasing the remaining shares in the company. The move makes the Israeli defense and technology group the sole owner of the Thessaloniki-based corporation, where it had previously held a stake. The acquisition marks a major step in SK Group’s long-term plans in Greece. Comp…

Greek opposition denounces sale of defense company to Israeli SK Group

‘It is not a simple sell-out, but another act of complicity of the Mitsotakis regime with the genocide in Palestine,” New Left party says - Anadolu Ajansı

Greek opposition slams sale of key defense firm to Israel’s SK Group

A left-wing opposition party in Greece on Tuesday criticized the sale of a major domestic defense company to Israel’s SK Group, which owns Israeli...