The seller is the investment fund Axxess Capital, one of the most active players in the private equity market in Romania, headed by the Romanian Horia Manda.

None of the parties commented on the information upon Ziarul Financiar’s request.

Frigotehnica ended 2015 with a turnover of 56 million lei, according to data available on the Ministry of Finance website. This is the most recent year with available information. For 2016, the company has previously estimated a business increase of 15 percent. 
According to Ziarul Financiar data, nearly one third of the business is generated by the external markets. 

Veolia Group, the owner of Apa Nova, is a giant with annual business of EUR 24 billion. The company has activities all over the world in different domains, from utilities to energy and public transport.

The entry of the French into Frigotehnica's shareholding would mean a major move of a French strategic investor into local production. (source: zf.ro)