The assets came from Mandra, the former Intreprinderea de Ulei Barlad, known for its sunflower oil brands Floris and Clariol. They include grain storage bases in Tg. Frumos (Iasi County) and Rosiesti (Vaslui), as well as a grain silo and a concentrated feed factory in Tecuci (Galati County).
“The acquisition of the set of assets of Mandra SA by a company with experience in the business and desire to develop indicates the premises of a quick and efficient investment in upgrading, retooling, optimization and expansion of storage capacities,” Flavius Draghici, CITR sales manager, says.
The sale was done by auction and the closing price was 50% higher than the starting price.
(English version by Loredana Fratila-Cristescu)