On a business transaction, that took place on May 2013, through “the Bulgarian stock exchange, the company “Quarzwerke”GmbH acquired 87% from the capital of “Kaolin” at a price of 4.156 lv. per share. 67% of the shares were sold after an agreement, signed between the companies “Alpha Finance Holding” and “Quarzwerke”GmbH in December 2012.
As it is required by the Bulgarian legislation, “Quarzwerke” GmbH will address a tender offer for the left minority interests of the company.
“We are very happy about the acquisition” – comments Robert Lindeman– Berk, the managing associate of “Quarzwerke” GmbH, a family company, based in Frechen, Germany. “For us this is very important step and entering in a wonderful country. We are very excited about the opportunities, holding out for us and we are waiting impatiently for our teamwork with the dedicated team of “Kaolin”, added Robert Lindeman – Berk.
With this acquisition “Quarzwerke” GmbH will increase its sales revenue to a consolidated base of 420 million Euros and its number of workers to 3500 people.
“During the past 13 years, as a part of “Alpha Finance Holding”, “Kaolin” has advanced from a small regional enterprise to a company with leading positions in South-Eastern Europe. We are convinced that the company will continue its successful development, being a property of “Quarzwerke” GmbH” – Ivo Prokopiev, CEO of “Alpha Finance Holding”, said.
Copyright БРТПП Българо-румънска търговско промишлена палата 2017