Leo Gherghina: Romanian market is our priority

The investment fund owned by Societe Generale is seeking new acquisitions on the Romanian market, but is ruling out consumer sector companies and is looking at firms that “can make it in the current macroeconomic situation”. Leo Gherghina, a partner with Societe Generale Asset Management (SGAM) Eastern Europe, owned by Societe Generale financial giant, which last year took over 36% in MedLife healthcare service provider for around 20m euros, says he is currently mulling another three deals. Gherghina does not provide very many details about the deals he is negotiating, but says they will top 5m euros, but a little below MedLife takeover. “At MedLife I believe we’ll stay for quite a long period because we want to grow organically or through acquisitions. We are in no hurry to exit. There is a number of opportunities (for MedLife i.e.) abroad as well, which we’re analysing together with MedLife, but our priority is the Romanian market,” Gherghina says.