PGA 1912 sells complex

The shareholders of Piata de Gros Agroalimentara (PGA) 1912 (Food Wholesale Market) based in Bucharest, who also own PATE producer Antrefrig Bucharest and charcuterie producer Rochus Bucharest have recently sold part of this complex for nearly 5 million euros and expect to get another 13 million euros for the remaining assets. “Out of the money received for the sale of the commercial space and the facilities in the Wholesale Market, 50% will be invested in the modernisation of the PATE producer Antrefrig Bucharest and of the Rochus charcuterie factory, and the rest will be allocated to a series of real estate projects in Bucharest,” says Lupu Gheorghe, executive manager of Energoment Consulting, the company selected to sell the PGA 1912 assets. ZF