The transaction took place on November 24 and the total price of 34.6 million share stake was RON1.6 million. Longin SR had previously held 62% in Cerealcom Teleorman.
Cerealcom Teleorman has a capitalization of RON23 million and its shares have gained 16% this year, after transactions of RON11.6 million.
Cerealcom Teleorman has an oil factory in Rosiorii de Vede, previously owned by Ioan Niculae. Owner Longin will use it to process sunflower seeds to obtain unrefined oil.
Cerealcom ended the first nine months of 2021 with RON14.7 million revenue net profit of RON1.2 million.
(English version by Loredana Fratila-Cristescu)