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Albalact Starts Trading On Regulated Market Of Bucharest Stock Exchange
06.03.2015
Romanian dairy manufacturer Albalact (ALBZ.RO) started trading on the regulated market of Bucharest Stock Exchange Wednesday, in a move to get financing for expansion plans, the company said in a statement.
On Wednesday, Albalact shares fell 1.84% to RON0.309 on Bucharest Stock Exchange.
Albalact is Romania’s largest dairy processor whose portfolio includes over 150 products sold under its five brands: Zuzu, Fulga, De Albalact, Raraul and Poiana Florilor.
Local businessman Raul Ciurtin indirectly owns a 42.53% stake in the company, through Cyprus-registered Crisware Holdings (26.86%) and Croniar Holdings Limited (15.67%). Cyprus-registered investment fund RC2 Limited owns a 25.45% stake.
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