Hungary blocks Greek firm’s dairy acquisition bid Hellenic Dairies’ investment plans halted by Orban gov’t ban22 September 2025 22 September 2025 2 minute read 2 minute read By: By: Global Ag Media EuropeGreece's Hellenic Dairies said it had planned significant investments to upgrade the loss-making Hungarian company it had agreed to take over before Hungary banned the acquisition and halted its Eastern European expansion drive, reported Reuters. Prime Minister Viktor Orban's government said on Tuesday it had banned the foreign takeover ofdairy company Alfoldi Tej Kft by a suitor, identified later by a government official as Hellenic Dairies. Hellenic Dairies said its offer to acquire Alfoldi Tej Kft was accepted by the company's shareholders before the transaction fell through amid a foreign direct investment screening procedure. Hellenic Dairies has expanded in Romania, Bulgaria and Cyprus through buyouts in recent years. Alfoldi Tej Kft employs more than 700 people and processes nearly 270 million litres of milk per year, based on information published on its website.