The juice division of sugar producer Agrana and that of Raiffeisen Ware Austria, part of the Raiffeisen Group, with operations in the financial sector, decided to merge internationally, in a move that includes Agrana's plant in Vaslui.
"We expect the transaction, which is awaiting approval from the antitrust authorities, to be finalised in the first half of August," Agrana representatives told ZF. The company operating on the Romanian market will keep its name - Agrana Juice Romania Vaslui.
The Austrians at Agrana Juice Holding own 12 production facilities internationally, with the Romanian-located one exporting 90% of its juice concentrate production.
The company focuses on manufacturing apple juice concentrate, which it delivers to other bottlers. Export destinations are countries such as Hungary and Germany. According to Trade Registry data, Agrana Juice Romania Vaslui posted 5.1 million lei (1.2 million euros) in turnover in 2009 and 0.3 million lei (0.07 million euros) in losses.
On the other hand, Raiffeisen Ware Austria, which operates on the market of agricultural products, construction materials and DIY products, is involved in this merger through its Ybbstaler Fruit Austria division.
The juice division of sugar producer Agrana and that of Raiffeisen Ware Austria, part of the Raiffeisen Group, with operations in the financial sector, decided to merge internationally, in a move that includes Agrana's plant in Vaslui.
"We expect the transaction, which is awaiting approval from the antitrust authorities, to be finalised in the first half of August," Agrana representatives told ZF. The company operating on the Romanian market will keep its name - Agrana Juice Romania Vaslui.
The Austrians at Agrana Juice Holding own 12 production facilities internationally, with the Romanian-located one exporting 90%
