EANS-News: AGRANA Beteiligungs-AG AGRANA intends to acquire Urziceni and
Liesti sugar refinery plants from Lemarco S.A.
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Mergers - Acquisitions - Takeovers
Wien (euro adhoc) - Vienna, 5 February 2014
AGRANA Zucker GmbH has reached agreement with the Romanian sugar producer
Lemarco S.A. to acquire the latter's plants in Urziceni and Liesti. "AGRANA's
intention here is not only to increase its sugar beet production but also its
sugar refining activities and, therefore, to consolidate its presence in the
South-East European market," explains AGRANA CEO, Johann Marihart. The agreement
is subject to the approval of the competent anti-trust authorities.
The Urziceni site is located around 60km north-east of Bucharest and, being at a
major road and rail network intersection, is well connected to the port of
Constanta on the Black Sea, which is important for the supply of commodities.
With a volume of more than 500,000 tonnes of sugar, the Romanian sugar market is
supplied to an extent of only 20% with sugar from sugar beet; the remaining 80%
is with sugar made from the refining of raw sugar cane. AGRANA is already
present in the Romanian market through two sugar refineries in Buzau and Roman.
It markets a wide range of sugar products under the brands Margaritar Zahar and
Coronita.
About AGRANA
AGRANA is the foremost sugar company in Central and Eastern Europe. It is a
leading supplier of specialised starch-based products in Europe as well as a
major producer of bioethanol in Austria and Hungary. In the Fruit division,
AGRANA is the top global producer of fruit preparations for the dairy industry
and one of the leading producers of fruit juice concentrates in Europe. With
around 8,500 personnel based at 55 production sites in 26 countries, AGRANA
generates global revenues of around EUR 3 billion.
This press release is available in German and English at www.agrana.com.
Further inquiry note:
AGRANA Beteiligungs-AG
Mag.(FH) Hannes Haider
Investor Relations
Tel.: +43-1-211 37-12905
e-mail: hannes.haider@agrana.com
Mag.(FH) Markus Simak
Public Relations
Tel.: +43-1-211 37-12084
e-mail:markus.simak@agrana.com
end of announcement euro adhoc
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company: AGRANA Beteiligungs-AG
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
phone: +43-1-21137-0
FAX: +43-1-21137-12045
mail: info.ab@agrana.com
WWW: www.agrana.com
sector: Food
ISIN: AT0000603709
indexes: WBI, ATX Prime
stockmarkets: Präsenzhandel: Berlin, Stuttgart, Frankfurt, official market: Wien
language: English