Romania’s market for mergers & acquisitions (M&A) has remained at around EUR 1 billion in 2013, driven by deals in the banking and renewable sector, although big investors have held back and are carefully planning moves for next year, say deal makers.
Cargill sells local subsidiary to Expur
Value of transaction: EUR 20 million, according to media reports
Legal team, buyer: Tuca Zbarcea & Asociatii
Legal team, seller: Popovici Nitu & Asociatii
Expur, a Romanian company controlled by French agricultural group Sofiproteol/Saipol, acquired Cargill Oil Romania, a subsidiary of US-based Cargill, the agricultural trading house.
Insight Investment buys four Romanian farms
Value of transaction: over EUR 40 million
Legal team, buyer: NNDKP and Antis Triantaffylides & Partners (Cyprus)
Legal team, seller: Not made public
Investment fund Insight Investment acquired four Romanian farms in the Calarasi region. The transaction was structured as a share deal. The fund took over the Cyprus-based company that fully owned the farms.