The company, however, posted RON3.6 milion losses compared with a RON2.2 million net profit in 2017. The number of employees rose to 2.700 from 2,473 the previous year. The officials of the company did not comment on the 2018 results.
Last September, private equity firm Abris Capital sold Urgent Cargus to buyout investor Mid Europa Partners. The value of the deal was not revealed, but ZF put it at EUR120 million to EUR130 million. Abris had been trying to exit the parcel delivery company since 2016. Mid Europa partners also bought the Regina Maria network, the second largest private healthcare provider in Romania in a deal estimated at more than EUR100 milion in 2015 and supermarket chain Profi from Enterprise Investors for EUR533 milion in 2016. (EUR1=RON4.7348)
(English version by Loredana Fratila-Cristescu)