News:Argos:Ad Hoc: Constantia Duropack Becomes The Single Largest Shareholder In Croatia-based Belisce D.d.

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Duropack AG acquired a 20% equity investment in Belisce d.d. as part of a block sale by the International Finance Corporation (IFC), a member of the World Bank and long-time financial partner of the Croatian company. Duropack is now the single largest shareholder in the Belisce Group. In 2007, the Belisce Group recorded sales of €172 million and had more than 3,300 employees. With annual output of more than 220,000 metric tons of corrugated board base paper, the company is the largest and most important supplier of this raw material in the Balkans as well as one of the most well-known corrugated board manufacturers in the region.


ABN Newswire



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