The deal includes the silos in Balaci (14,200 tons), Salcia (39,000 tons), Smardioara (62,600 tons), Turnu Magurele (65,000 tons) and Tarnava (14,200 tons), as well a base in Zimnicea (16,000 tons) and was put at more than EUR10 million, according to ZF estimates based on market information.
Esperandza group is controlled by local entrepreneur Gheorghe Draghici (62), about whom there is little information available.
Cargill Cereale is not at its first sale of silos. Last spring, it sold two silos in Balaci and Cazanesti to Germany’s Baywa, and before that sold other storage facilities saying it had excess capacity.
Prior to the sales, Cargill had become one of the biggest owners of silos in Romania, with more than 20 such facilities bought over 10 to 15 years.
(English version by Loredana Fratila-Cristescu)