The seller was Ioan Niculae, the founder of the agribusiness group Interagro, according to the financial analysis platform confidas.ro
ZF reported in June that Tinmar had come to own 95% in Intercereal, which it gradually acquired over the year, according to the same source. The officials of the two companies did not provide any details on the deal.
The first change in Intercereal ownership was recorded in the spring of 2020. Tinmar had 40% in it in April, Belize-based Mediterranean Design Inc had 59.98% and Interagro had 0.01%.
The Competition Council cleared the takeover of Intercereal by Tinmar in September, according to a news release on the Competition Council website.
Tinmar Energy posted some EUR410 million revenue in 2019.
(English version by Loredana Fratila-Cristescu)