Iaciu sells Expo Market Doraly - Azi

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An investment fund that belongs to HSBC, one of the largest financial groups worldwide, last month acquired Expo Market Doraly for 65-70 million euros from businessman Gheorghe Iaciu, according to news agency Mediafax.

According to the quoted sources, the transaction involved a division of the British group HSBC - European Infrastructure Investments 1, which took over, via a company established in Romania, an over 99% stake in Expo Market Doraly. According to data from the Electronic Archive...

Read the whole story in: Ziarul Financiar