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Romanian sweets company sold for some 100 million euros

Vineri, 8 iunie 2007, 0:00

The Friday session at the Bucharest Stock Exchange recorded two special deals, referring to 93.3% of the shares at the Kandia Excelent chocolate producer. The deals added up to 326.45 million RON (1 euro = 3.26 RON). The buyer was Cadbury Schweppes.

During the first of the two transactions, Meinl Bank AG sold 9.16%, in the second - Axis Investments sold 84.16% of the company social capital.

Kandia Excelent had a 1.95 million euros profit during the first quarter of the year.

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