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Article: AGRANA BUYS ROMANIAN SUGAR PLANT.
- Article from:
- European Report
- Article date:
- October 7, 1998
CopyrightCOPYRIGHT 1998 Europe Information Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Austrian sugar and starch producer Agrana Beteiligungs-AG said on Friday it had acquired 77% of Romanian sugar factory Danubiana S.A. Roman. The acquisition is Agrana's fourth since March in the Black Sea state and is another step towards its goal of securing one third of the sugar market there, the group said in a statement. The purchase price was 3.7 million Schillings (USD295,000). At the same time the Austrian group committed itself to investing a further USD3 million in the ...
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