Hortex not venturing alone in Romania

Polish natural juice producer Hortex Holding SA is not interested in an investment in Romania yet, investment manager Andrzej Karpiuk told Ziarul Financiar. Karpiuk said Hortex might go for a partnership with a Romanian company, though. The Polish press last week ran stories about Hortex’ alleged entry on the Romanian market. The Warsaw Business Journal, for instance, said Hortex was planning to expand in Eastern Europe, targeting Romania, Slovakia, the Czech Republic and Slovenia. The company wanted to expand so that it could make profit in the next fiscal year, the Polish weekly said. “Our company does not want to start any investment in Romania for the time being. We are interested to find a good Romanian company to work with, so that we would not make any substantial investments,” Karpiuk said. ZF