Surprise transaction – Turkish group Akçelik sold the Romanian factory to a German company, among the most important producers in Europe
Photo source: Tristar Steel
The Turkish group Akçelik has sold all his shares at Tristar Steel in Târgoviște, producer of chromatic steel bar and pipes, to the German company Exxellin, one of the most important manufacturers of linear systems in Europe, the data analyzed by Profit.ro reveals.
The Turks bought the majority shares of Tristar in 2021. Then they took 58% of shares from a group of Italian investors, paying over 350,000 euros. However, the Turkish group also paid a rash of over 1 million euros.
In the shareholding, the Italian Luciano Giol (32%) and Emilia Anton (10%) remained, according to terms.ro.
Now, after the new transaction, the cooperation of the Turkish company with Exxellin will continue, and Akçelik will continue the production and supply of raw materials with the Tristar brand.
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