Alternative investment firm Infinity Capital Investments (INFINITY.RO) sold 91.42% in vegetable oil producer Argus Constanta (UARG.RO) to Bulgaria’s Buildcom, a deal announced on Wednesday and processed on the XDS1 market of the Bucharest Stock Exchange on Thursday, at a price of RON1.82 per share, 7% higher than the previous quote.
Constanta-based vegetable oil producer Argus, with more than 80 years of presence on the market and the sixth largest actor on local vegetable oil market by 2024 revenue, will become part of Buildcom EOOD, affiliated to Oliva AD, the largest sunflower oil producer in Bulgaria.
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of TBI Bank EAD of Bulgaria by Advent International L.P. (‘Advent'), one of the largest global private equity investors in the US.