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Dr. Oetker Romania's soy business sale probed by watchdog

May 22, 2024, 4:56:57 PMArticle by Alexandru Cristea
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May 22 (SeeNews) - Romania's competition authority said on Wednesday that it is looking into the agreed takeover of Dr. Oetker Romania's soy product assets by Austria-based The New Originals Company GmbH.

Dr. Oetker Romania's soy business sale probed by watchdog
Dr. Oetker Romania. Source: Facebook

The Competition Council will assess the terms of the notified transaction in accordance with current legislation to determine whether it can be granted clearance, it said in a press release.

Dr. Oetker Romania produces ingredients for cakes, dessert powder, pizza, frozen snacks and preservatives for vegetables and fruits, as well as soy-based products. It currently retails its soy products under the Inedit brand. In 2023, Dr. Oetker Romania booked a net profit of 33.1 million lei ($7.21 million/6.65 million euro) on revenue of 438.2 million lei, according to data from Romania's finance ministry.

The biggest shareholders of The New Originals Company GmbH are Raiffeisen Beteiligungsholding GmbH, with a 42.5% stake, and Raiffeisen OOe Invest GmbH & Co OG, with a stake of 21.39%, according to Austrian company data aggregator FirmenABC.

(1 euro=4.9745 lei)

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