Motesar Holdings takes over Romanian tissue paper maker MG Tec Industry in EUR 28 mln deal
Motesar Holdings, owned by companies from Luxembourg and Cyprus, acquired a stake of over 93% in the Romanian tissue paper maker MG Tec Industry by a RON 141 million (EUR 28 million) capital increase, according to Economica.net. The deal,…
iulian ernst · Journalist
· Updated · 2 min read
Motesar Holdings, owned by companies from Luxembourg and Cyprus, acquired a stake of over 93% in the Romanian tissue paper maker MG Tec Industry by a RON 141 million (EUR 28 million) capital increase, according to Economica.net. The deal, except for the financial terms, was announced last October.
The company’s founder, Vasile Nicolae Hăşmăşan, thus became a minority partner, ceding control of the business he founded in Dej to Motesar Holdings. MG Tec Industry owns a sanitary hygiene products factory in Dej.
