The officials of the two companies did not return ZF’s calls for comment on the deal, which sources said had already been signed and was to be closed this year.
Raiffeisen will therefore keep only the milling operation, which is the core business of the GoodMills group that owns 25 mills in seven countries.
Lantmannen Unibake is part of the Lantmannen group, which has agricultural, renewable energy, food production and equipment manufacturing operations.
Lantmannen is therefore entering the Romanian market via an acquisition, having bought a couple of production facilities and the Casa Brutarului (formerly Belforno) store chain.
GoodMills Romania had a factory that made fresh bread, toast, flours, cereals, frozen products and pasta in Pantelimon, Ilfov County, near Bucharest, and a factory that made bread in Targu Mures.
It also has three mills is Pantelimon, which it will keep.
(English version by Loredana Fratila-Cristescu)