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Provider: Reuters Investment Profile
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Geveko AB divests Romanian subsidiary


Friday, 29 Nov 2013 08:00am EST 

Geveko AB:Says has signed a Shares Sale-Purchase Agreement transferring its 90 percent share in Plastidrum SRL to a Romanian citizen Adrian Mugurel Teodorescu.Says the price of the shares is set to 1 euro, but the agreement includes a guarantee of payment of receivables from Plastidrum SRL amounting to 2.5 million euros during two years.Says the sale is in line with the company's strategy to focus on core business and implement profitability improvement program. 

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29 Aug 2014