The company’s officials deny such intentions.
Prutul in 2020 reached turnover worth a little less than RON650 million, down 5% from 2019. By turnover, the vegetable oil producer is among the 20 largest companies in Romania’s food and beverage industry. The producer is also one of the top five entrepreneurial business in the field.
A possible sale of the company comes as there is a lot of cash on the market and the food market is on the radar of both strategic and financial investors.
Amid the pandemic, buyers are eyeing this field even more closely as there’s ever more talk about production chain shortening.
(English version by Catalina Apostoiu)