According to ZF data, the sellers are the entrepreneurs who had established the A & D Pharma Group, namely, Walid Abboud, Roger Akoury and Michel Eid, respectively.
Optical Network has been put up for sale ever since 2017, Ziarul Financiar had previously written about talks targeting this company.
The new information is Innova Capital’s return as a buyer on a market in which investment funds are more and more interested in making acquisitions in Romania.
Optical Network reported a turnover of RON58 million in 2018 up 16% year-on-year.