Carlsberg Group has acquired the remaining 49 per cent of the shares in the second biggest Greek brewery, Olympic, having originally gained 51 per cent of the company in 2014 following a merger.

Formed by the merger of Mythos and Olympic, the Olympic Brewery operates two breweries in the areas of Thessaloniki and Euboea and includes brands such as Mythos and Fix.

Carlsberg’s chief executive, Cees ‘t Hart said: “Olympic Brewery is an 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.”

Olympic Brewery employs more than 450 people in Greece and has established a network of 90,000 different points of sale, including 2,000 partners and suppliers.