ROMANIA - Kandia exits Kandia Excelent
Following a dual-track process, Kandia NV, the private equity investment holding company managed by Meinl Bank AG, has sold its 93.32% stake in listed Romanian confectionery company Kandia-Excelent to Cadbury Schweppes. The financial investor opted for the trade sale to Cadbury Schweppes instead of a previously planned secondary listing of the company on the Vienna Stock Exchange.
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