28th Jan 2016 11:31
LONDON (Alliance News) - Investment company Reconstruction Capital II Ltd on Thursday said it has signed an agreement to sell its 25% stake in Romanian dairy company Albalact SA.
It will sell the stake to Lactalis, the French dairy products group, for RON407.3 million, or around GBP68.4 million.
It expects the sale to be approved by the Romanian Competition Council by June.
Reconstruction Capital shares were untraded on Thursday at EUR0.188.
By Sam Unsted; [email protected]; @SamUAtAlliance
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