On the other hand, the net profit rose by more than 130% to RON20 milion in 2018. The net profit was even higher than in the year before the deal whereby Raul Ciurtin and private equity firm RC2 exited Albalact.
The company posted more than RON13 million net profit in 2015 and early in 2016 Lactalis struck a deal with the main shareholders to buy Albalact, which was listed on the stock market at the time. The acquisition enabled Lactalis to claim the top spot on the Romanian dairy market.
(English version by Loredana Fratila-Cristescu)