Abatorul Peris | Romania Feed

Romania's Competition Council approved the transaction whereby Abator Peris S.A. intends to take over the companies Almado Total Distribution S.R.L., Cathedral Distribution S.R.L. and Policalita S.R.L. by Abatorul Peris.

Abatorul Peris, a business owned by Jabbar Kanani, the founder of Agricover, ended 2022 with RON343.8 million turnover, up 11% from 2021, with losses widening from RON12 million in 2021 to RON17 million in 2022.

The Board of Directors of Agricover Holding, one of the largest players in Romanian agribusiness, has decided to divide the company by transferring its ownership in Abatorul Peris to the beneficiary company CCI Cardinal Equity, a newly established firm, with the same shareholder structure as Agricover Holding.