Albalact shareholder dispute to be sorted out in April

Petre-Gavril Leontin, who directly holds 1% in Albalact Alba
Iulia dairy producer, but who maintains he is entitled to half the
stake of Ciurtin family, which owns over 48% in Albalact, has got
the trial meant to clarify the shareholding structure of the dairy
company delayed until April. As the next court date was set for
mid-April, the sale of Albalact, close to being sealed, according
to ZF information, could become uncertain. However, industry
sources maintain talks for the company’s sale continue to be held
with a single investor, namely French Lactalis group, which also
owns LaDorna company. “This is a complex issue and I asked for time
to set up my defence. I learnt about the reasons for which Petru
Ciurtin requested the termination of the joint venture contract,
laid out on seven or eight pages, and I asked for time to study
them as I hadn’t had this information until now,” Petre-Gavril
Leontin told ZF.