Ameropa paid about EUR25 million for the four silos, ZF has estimated based on market data.
“We sold a site where we had a silo. We did not sell the whole company. I had two sites and now I’ll only have one,” Adriana Barabas, shareholder of Cereal Bac, a company based on Botosani County (northern Romania), which posted 43 million lei (almost EUR10 million) revenue in 2015.
“When one needs money one sells and we reached the conclusion we had to sell. We scaled back our operations because we’ve grown old and were no longer as productive.”
Ameropa also bought silos from Intercereal in Timis, Comcereal Assets in Braila and Cerealfert in Olt in April 2016-January 2017. It received legal assistance in the deals from law firm Popovici Nitu Stoica & Asociatii.
(English version by Loredana Fratila-Cristescu)