Albalact Starts Trading On Regulated Market Of Bucharest Stock Exchange

06.03.2015 By Gabriela Stan

Romanian dairy manufacturer Albalact (ALBZ.RO) started trading on the regulated market of Bucharest Stock Exchange Wednesday, in a move to get financing for expansion plans, the company said in a statement.

On Wednesday, Albalact shares fell 1.84% to RON0.309 on Bucharest Stock Exchange.

Albalact is Romania’s largest dairy processor whose portfolio includes over 150 products sold under its five brands: Zuzu, Fulga, De Albalact, Raraul and Poiana Florilor.

Local businessman Raul Ciurtin indirectly owns a 42.53% stake in the company, through Cyprus-registered Crisware Holdings (26.86%) and Croniar Holdings Limited (15.67%). Cyprus-registered investment fund RC2 Limited owns a 25.45% stake.