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