ZF English

Cătălin Chelu expands his empire further with acquisitions in dairy and wine sectors

Autor: Andrei Chirileasa

21.10.2010, 00:09 63

Businessman Cătălin Chelu of Galaţi, one of the most powerfulinvestors on the stock exchange, has added another two companies tohis portfolio in recent months: Vinia Iaşi wine producer andLactate Natura Târgovişte dairy (INBO) and cheese producer.

He took over 49% in INBO through three companies, Portavon,Revan Com and Debrocons, all of Galaţi, for around 16m RON (3.7meuros) on Friday.
Chelu appears as a majority shareholder only in Portavon, but theother two firms are on the lists published by SIF, which includethe investors that act together with the businessman, having thesame contact phone as many of the firms for which Chelu is listedas a shareholder.
Contacted by ZF, Chelu chose not to make any comment. He has so fardenied having any relation with Revan Com or the other firms.
He appears as a direct shareholder in over 40 companies, with ViniaIaşi as his most recent acquisition. He bought the around 53% stakein the company around two months ago from Vasile Băbuşanu, in adeal whose value has not been disclosed.

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