Leipnik-Lundenburger Invest takes over 60 percent of Loulis

Newsroom 18/09/2007 | 16:28

According to company officials, the new shareholders will also retain the current management. Since the companies are listed on the stock exchange, a mandatory bid has to be launched for the Romanian and Bulgarian companies. The likely closing date is early May.
The Greek Loulis group has two sites in Romania – Bucharest and Targu Mures. LLI managing directors Erwin Hameseder and Christian Teufl consider entry into the Romanian and Bulgarian milling markets another vital step for the expansion strategy of the group.

Vlad Praoveanu

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