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Friday, May 20, 2005
Cargill ups its stake in the Romanian edible oils market, as the competition authorities clear the way for the US firm to buy Olpo Podari, the largest Romanian sunflower oil maker.
Cargill already controls around 10 per cent of Romania's silo capacity after the acquisition of Comcereal earlier this year, that gave it a comprehensive network of grain storage facilities in the Romanian grain belt.
The acquisition of Olpo Podari allows it to move into the local market for oilseed crushing and refining, as well as the bottled oils business.
Here is the official press release.
Posted by Mihai Botea : 5/20/2005 10:07:00 am
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