Sorin Minea becomes Angst majority shareholder

Sorin Minea, one of the best-known Romanian entrepreneurs on the charcuterie market, has taken over 60% of the stake held in Angst by his Swiss partner, Urs Angst, who in fact gave his name to the company. This makes Minea majority shareholder of the company, with over 50 million euros in turnover and a 22-store chain.
"Me and Urs Angst have been friends for a very long time. He has got other businesses as well, and has transferred some of his Angst shares to me. However, the Angst family will not completely exit the business," said Sorin Minea, chairman and shareholder of Angst. This brings Minea's stake in Angst to 60%, from 15%, with the remaining stake being equally shared between the wives of the two founders, Ludmila Minea, and Martha Angst, according to data in the Trade Registry. Urs Angst is no longer registered as an Angst shareholder, according to the same source.
Minea did not reveal the value of the transaction, but says the company's assets were put at around 20-22 million euros last year, whilst the value of investments made by the Angst family in the charcuterie producer amounts to around ten million euros.