Brikel EAD cancelled the acquisition of 76.9% Trayal Corporation from Fabrika Maziva FAM d.o.o.
December 09, 2013 at 11:00 pm EST
Brikel EAD entered into the agreement to acquire 76.9% Trayal Corporation from Fabrika Maziva FAM d.o.o. for 12.1 million on November 17, 2006. Brikel EAD offered 12.1 million for 76.9% of the stock in Trayal and an investment programme of 25.1 million. Trayal has revenues of 52.7 million in 2005.
Brikel EAD cancelled the acquisition of 76.9% Trayal Corporation from Fabrika Maziva FAM d.o.o. on December 10, 2013. The deal was terminated by the Serbia's Privatization Agency due to breaches of the sell-off contract.