“Innova Capital will sell La Fantana in 2012,” the sources told Mediafax. They said La Fantana is valued at over EUR50 million.
Contacted by Mediafax, La Fantana’s general manager Mihai Matyas declined to comment, saying any speculation would be premature.
“I’ve heard the rumors in the market regarding the company’s sales, but it’s too early to comment,” Matyas said.
The Warsaw-headquartered fund bought 92% of La Fantana’s shares in 2007, in a deal worth EUR35 million.
La Fantana has a bottling capacity of 100 million liters per year.
The company reported a 17% increase in its sales to EUR21 million in 2011, Matyas said.