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Leipnik Lundenburger Invest takes over 60% of Loulis Romania

Joi, 12 iulie 2007, 0:00

Austrian company Leipnik Lundenburger Invest (LLI) bought on Thursday a majority of 60% of the capital at bakery producer Loulis Romania, for 33.9 million euros, according to NewsIn. At the beginning of April, announced that the two companies signed a draft for the take over.

The 245.89 million titles were transferred on the Deal market of the Bucharest Stock Exchange, for 0.434 RON per share, 10.88 % less than the market value during the previous session. At this price, the market value of Loulis reaches some 56 million euros.

Loulis had a 3.089 million RON profit in the first quarter of the year (roughly 1 million euros), 22.7% less than Q1 in 2006, but the business figure grew 48%, up to over 50 million RON.

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