EANS-News: AGRANA Beteiligungs-AG
AGRANA intends to acquire Urziceni and
Liesti sugar refinery plants from Lemarco S.A.
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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
Original content of: AGRANA Beteiligungs-AG, transmitted by news aktuell