Alexandrion received the green light for expanding the business in Cyprus | Progresiv
After this summer Alexandrion Group announced that it will take over the majority stake of V.M. Cavaway of Cyprus, the Cyprus Competition Council approved the transaction. Cavaway is based in Larnaca and was established in 2004. The main activity is the marketing and distribution of wines, alcoholic and non-alcoholic drinks in Cyprus. 
"A promising partnership has been materialized. This is both a challenge and an excellent opportunity”, said Vassos Moiseos, Cavaway's director.
Alexandrion Group, with a significant presence of products in more than 50 countries worldwide, relocated the base of its international operations in Cyprus in 2017, in order to implement its strategic plan for international expansion.
Alexandrion Group is leader in the production and distribution of wines and spirits in Romania and since 2017, the only single malt producer in the country. The group consists of Alexandrion Distilleries and SABER 1789 Distilleries. In 2018, the group expanded its activity following the acquisition of six companies owned by Halewood Wines and Spirits, which now represents a separate entity within the Group under the name The Iconic Estate, completing its portfolio with quiet and sparkling wines.
