Nicolae buys 50% in Curentul

Businessman Ioan Nicolae, owner of the InterAgro group, bought 50% in Romanian daily Curentul, controlled by the Dramiral group, which is held by Mihai Iacob. “We shook hands. The contract is to be signed in the next few days,” Nicolae told Ziarul Financiar. However, he would not disclose the value of the transaction, saying he was bound by contractual stipulations. According to market sources, the deal was worth $500,000. “I entered this business because I want a fair coverage of the group’s operations and of the other Romanian employers, who did not get enough attention,” Nicolae said. ZF