Bimal Group takes over Novo Sunce

Bimal Group takes over Novo Sunce

Published at: 2019-11-29 09:56 | Author: CIJ Serbia
Bimal Group has become the majority stakeholder in the Novo Sunce edible oil plant in Sombor, northern Serbia. The takeover is an effort to consolidate and strengthen the edible oil sector in the Western Balkans region, according to Bimal CEO Ilija Studen. An initial €35m is expected to increase the capacity of the plant, with further investments, totaling €20m, to follow, said Studen. The plant processes sunflowers, soya seeds and rapeseed.

Similar Stories:

Toyota Yaris production will begin at Kolin factory
The TCPA factory in Kolin will begin production of the Toyota Yaris at a date that has yet  »
Demand for foreign workers has peaked in Czechia
Czech companies have been forced to look abroad for employees in recent years by the lack  »
Deloitte CZ: Economy comes in for soft landing
Those hoping the Czech economy would come in for a soft landing from its extended boom sho  »
Mel Textile to open factory in Serbia
Mel Textile is planning to open a factory in Kovin, northern Serbia. The Turkish manufactu  »
How does Bucharest’s investment market compare to Prague’s? There’s little compari   »
How much are you lending on infrastructure projects in Slovakia? How does it compare to ot   »
Should we believe people in the market when they say they’re working on five to six deal   »
Going into 2016, most observers assumed Czech retail assets would be a major investment ta   »