Yioula Glassworks takes over Stirom
Greek Yioula Glassworks is the new majority shareholder of Romanian glass-making company Stirom Bucharest, after having acquired the main stake (50.99%) held by the Stirom Association of Employees (PAS), sources close to the deal say. The acquisition was conducted through a financial vehicle held by Youla-Mediterranean Glass Limited
Greek Yioula Glassworks is the new majority shareholder of Romanian glass-making company Stirom Bucharest, after having acquired the main stake (50.99%) held by the Stirom Association of Employees (PAS), sources close to the deal say. The acquisition was conducted through a financial vehicle held by Youla-Mediterranean Glass Limited. The Greek company had first displayed interest in the Romanian plant last summer, when the Banking Assets Resolution Agency (AVAB) said it was in talks with Yioula Glassworks on a $3.5m receivable AVAB held over Stirom. ZF
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