* Cezar Scarlat, "Abris Romania": "We have 450 million Euros available to invest in Poland, Romania and Ukraine, in that order"
Investment fund "Abris Capital Partners" entered the Romanian market, buying courier company "Cargus" from DHL, after three years of watching the market from the shadows.
"We are very eager to enter Romania (ed. note: to make investments)", said Cezar Scarlat, Managing Director and Administrator of Abris Romania. According to him, the fund has 450 million Euros available for investments in Poland, Romania and Ukraine, in that order.
"We hope that next year we will make one or more deals", said Cezar Scarlat. The manager of "Abris Romania" went on to say that up until now, the time wasn't right to invest in Romania.
DHL, the largest courier and logistics company in the world, yesterday announced that it has reached an agreement to sell its domestic courier businesses in Romania, which were operating under the Cargus brand, to "Abris Capital Partners", an investment fund specializing in Central and Eastern Europe.
The two companies signed a deal for the sale of the shares on October 18th, 2012, and are looking to complete the transaction by the end of the year or in Q1 2013, subject to approval from the Romanian Competition Council.
Cezar Scarlat said that "Abris Capital" is on its fourth acquisition in this line of business, after those it made in three other countries such as Croatia, Serbia and Poland.
"Considering the example of Siodemka, a domestic courier business in Poland, on a market which is far more competitive than Romania, we have every reason to have faith in the growth of Cargus", Mr. Scarlat said.
In 2008, German company DHL bought the entirety of domestic courier company Cargus. According to some sources, at the time, the deal was estimated at 50 million Euros.
Cezar Scar
