24 June 2018
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French New Socotub exits stake in Romanian gas pipe producer

12 January 18 - RE+D Magazine
French New Socotub exits stake in Romanian gas pipe producer

COMPANIES

Solum Property Solutions

Consultant - GREECE

ETAD.A.E.

Public entity - GREECE

IBI Group

Consultant - GREECE

Savills

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Romanian construction materials producer TeraPlast has fully acquired water and gas pipe producer Politub, one of the largest in Romania, in a deal worth some €4.8 million.

 

The seller was French firm New Socotub.

According to Romania-insider.com, after the transaction, Politub will become TeraPlast’s polyethylene pipe production division, which should double its turnover in 2018, the company has announced.

TeraPlast posted a yearly turnover of over €91 million from six business lines.

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