Greek investors eye Brailact

Tima Intercom Bucharest, held by two Greek investors, plans to take over 99% in the milk factory Brailact Braila, owned by Parametru Commercial Co Engineering SRL Bucharest. The latter body similarly belongs to a group of Greek investors and is undergoing judicial liquidation. Tima Intercom will offer at least 200 ROL per Brailact share, with the minimum value of the bid reaching some 5bn ROL (121,000 euros). The par value of a Brailact share stands at 1,000 ROL. There have only been two transactions involving Brailact’s shares on the RASDAQ in the last year and they were closed at 200 ROL. The two Greek investors, Tiripintiris Antonios and Malideros Theodoros were previously the managers of the Mega Image supermarket chain four years ago and are now involved in fishery. They control Sea Trade Tulcea, which is investing 2 million euros this year, half of this sum being provided by SAPARD, to upgrade four fresh fish pre-processing facilities in the Danube Delta. ZF