The Radacini group has around EUR100 million in turnover per year and owns dealers of Opel, Chevrolet, Mazda, Suzuki and Citroen.
“The Galati location, which consists of a showroom and a service center for Opel and Chevrolet, was rented from Credit Europe Bank. We only have some servicing equipment to get back from there,” said the officials of LD Expert Grup IPURL Husi, judicial liquidator of Gold&Platin. They said the first court date for the bankruptcy filing for Gold&Platin was April 25. Last year in Galati 17 Chevrolets were sold and 15 Opels, which compares with 261 Chevrolets and 490 Opels in 2008.
The takeover of the Galati center is the second transaction on the local auto market after IPSO sold its Dacia-Renault center in Otopeni to New Kopel and its Ploiesti center to Serus.
(English version by Daniela Stoican)