PlantExtrakt to be taken over by German giant Europlant

Popovici Niţu Stoica & Asociaţii advised the owners of PlantExtrakt, the leading Romanian producer of medical and para-medical products, on its sale to Europlant Group, a wholly owned subsidiary of the German giant Martin Bauer.

PlantExtrakt, founded by entrepreneur Igor Kiril Peev, has a production factory in Cluj and over 12 ha of organic crops of medicinal plants.

M&A Partner Bogdan C. Stoica led the sell side team being supported by Senior Associate Dragoș Iamandoiu and Associates Claudia Salomia, Casiana Pînzariu and Ioana Avram.

Other significant M&A transactions recently advised by PNSA:

→    Oresa Ventures on the sale of Somaco to LafargeHolcim;
→    Optical Network on its sale to Innova Capital;
→    Net Brinel on its takeover by SNEF;
→    Dedeman on the acquisition of The Office;
→    Voestalpine on the acquisition of the majority stake in Travertec Buzău;
→    WDP on the acquisition of Dunca Logistics Centre and CTPark Cluj I;
→    Medicover on the acquisition of Phoenix Medical Center;
→    Dedeman on the acquisition of The Bridge;
→    Medicover on the acquisition of Academica Medical Centers;
→    Oresa Ventures on the sale of Fabryo to AkzoNobel;
→    Farmexim and Help Net on their sale to Phoenix;
→    Medicover on the acquisition of Pelican Hospital.