German fund Halder returns as main shareholder in PVC producer Gealan, active in Romania
“Following the new partnership, the Gealan management keeps its shares and the transaction should be finalized by the end of the first quarter of 2011, after the OK from the anti-trust authorities,” reads a release from Gealan Romania, the local subsidiary of the German company.
Halder plans to invest up to EUR 50 million in Gealan in the next years. Gealan Romania representatives were expecting a EUR 36.3 million turnover for last year, according to Romanian media.
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