Bakery manufacturer Boromir Prod Buzău announced the signing of an association agreement on 25th of May with the largest agricultural cooperative in France, corn flour producer.
Manufacturing, real estate, banking and IT sectors were last year the stars of the mergers and acquisitions market in Romania, with more than half of the total registered transactions in 2015.
AB InBev wants to take over its competitor SABMiller, but in order to have the transaction approved, it has decided to sell some of the brands owned by SABMiller.
With share purchase agreement dated 17 April 2016, IMMOFINANZ AG has agreed to acquire 25,690,163 bearer shares (corresponding to a participation of approximately 26%) in CA Immobilien Anlagen Aktiengesellschaft (“CA Immo”) from Terim Limited (Cyprus) and 4 registered shares in CA Immo from O1 Group Limited (Cyprus).
Although there were fewer transactions on the M&A market in Romania last year, the market saw a strong advance of 23 percent, according to a study by EY Romania. The 123 transactions which took place in 2015 amounted to some USD 3.65 billion, with a median value of USD 100 million per transaction.
French dairy group Lactalis will buy Albalact, the biggest dairy producer in Romania, in a transaction that may value the company at around EUR 65 million. Albalact’s shares jumped by 15% on the Bucharest Stock Exchange, on Thursday morning, after the deal was announced.
The Swiss Automotive Group (SAG) has bought a majority stake in Romanian Autonet group, an independent automotive spare parts distributor active in Romania and Hungary. The financial terms of the deal haven’t been disclosed.
Belgian group Anheuser-Busch InBev NV, the world’s biggest beer producer, could return to Romania by taking over the owner of the Timisoreana and Ursus brands. The group exited the local market six years ago, when it sold the Bergenbier brand.
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