The European Bank for Reconstruction and Development (EBRD) has sold its 35% stake of the local branch of the French group Danone, a transaction that marks the exit of the financial institution from the shareholder structure of Danone Romania. According to the yearbook titled "The most valuable companies in Romania" put together by ZF, with the support of Capital Partners, Danone's market value stood at 144 million euros in 2005. Based on this appraisal, the EBRD could have collected as much as 50 million euros in the wake of the transaction. The EBRD entered Danone's shareholder structure in 1998, through an over 7 million-euro investment. "The EBRD held 35% in Danone Romania's shares, being a domestic partner for Danone since we began production in 1998. The financial institution sold its 35% stake to Danone Romania last year; however, we cannot reveal the financial details of this transaction," representatives of the Danone Group told ZF. EBRD representatives could not be contacted for relevant information by the time this issue was ready for print. In 2006, Danone's investments on the domestic market stood at over 30 million euros.
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