Leipnik-Lundenburger Invest Beteiligungs AG (LLI) will take over a majority holding of the Bulgarian and Romanian subsidiary of the Greek Loulis group – subject to approval by the cartel authorities. To this end, a preliminary contract between the LLI and Loulis Mills SA was signed on Friday. Thus the LLI acquires 60% of the Romanian subsidiary Loulis S.A., 60% of the Bulgarian subsidiary Sofia Mel A.D., five percent of the Greek parent company Loulis Mills SA and one percent of the Albanian subsidiary Atlas Sh.A. As the companies are listed on the stock exchange, a mandatory bid has to be launched for the Romanian and Bulgarian companies. The likely closing date is early May 2007
Terms & Conditions
