FMCG


Aldi - Supermarket Chain

July 14, 2017

Aldi: One of the leading global discount supermarket chains plans to enter the Romanian market in 2018. Initial steps are considered.


SALE OF BANVIT'S SHARES, turkey

January 13, 2017

Banvit Bandırma Vitaminli Yem Sanayii Anonim Şirketi (the “Target") has announced the sale of the controlling shareholders’ shares representing 79.48% of the Target’s capital (the "Transaction") to BRF GmbH, a subsidiary of a Brazilian food processing company, BRF S.A. ("BRF"), and Qatar Holding LLC, a subsidiary of sovereign wealth fund of the State of Qatar ("QIA"). BRF and QIA have entered into a share purchase agreement with the controlling shareholders of the Target on 9 January 2017. The Target is one of the major companies in poultry production with a 13% market share in Turkey.

The price for the Transaction is announced to be approximately USD 470 million, subject to the financial performance of the Target and the USD/TRY exchange rate on the completion date of the Transaction.

BRF and QIA have entered into definitive agreements to incorporate a joint venture (the "NewCo"), which will acquire the shares under the Transaction. In the NewCo, 60% of the shares will be held by BRF and 40% of the shares will be held by QIA.

Following the completion of the Transaction, the Target will launch a mandatory tender offer to acquire the remaining 20.52% shares of the Target, on the same terms and conditions of the share purchase agreement executed with the controlling shareholders.

By completion of the Transaction, BRF and QIA will enter into and expand in poultry halal food market in Turkey, which has the largest poultry halal consumption in the world. The Transaction is expected to be concluded by the second quarter of 2017, after regulatory approvals.

SALE OF MAJORITY SHARE IN UNIOR, D.D.

It is expected that the owners (SSH, Alpen Invest d.d., Zavarovlanica Triglav d.d. and Kapitalska družba d.d.) will start the sale process of their combined 55 % stake in the company UNIOR Kovaška industrija d.d. ("Unior"). Unior is a leading Slovenian producer of forging parts, hand tools and special machines and one of the leading Slovenian exporters as well.

Additionally, Unior is the owner of touristic infrastructure, consisting of the spa Terme Zreče, the ski resort Rogla and the ski resort Krvavec

(via the subsidiary company RTC Krvavec, d.d.). At this point, Unior is selling RTC Krvavec d.d. separately, and therefore it is uncertain whether this touristic infrastructure may also be subject of the sale of Unior. However, it is speculated that due to great interest, the touristic infrastructure may be offered within the sale of the whole Unior group.

INVITATION TO TENDER FOR THE ACQUISITION OF MAJORITY SHARE IN MARIBORSKA LIVARNA MARIBOR , D.D.

A consortium of majority shareholders (SSH, Bank Asset Management Company ("BAMC")) has issued an invitation to tender for the acquisition of a consolidated majority stake (99.97 %) in Mariborska livarna Maribor, d. d. (MLM).MLM is a highly renowned manufacturer of mechanically-treated aluminum die-casts and forged semi-products made out of copper alloys, whose broad client portfolio mainly comprises European OEMs and Tier 1/Tier 2 automotive suppliers.

The sale process has been temporarily put on hold in October 2016 and is expected to continue in the first half of 2017, when the results of restructuring of the financial debt will be evident and the revised financial statements

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