Enterprise Investors crowns its juice empire with Agros-Fortuna

There is only room two major juice producers on the domestic market - believe the representatives of Enterprise Investors (EI). The American fund has invested heavily in this branch and now want to merge Agros Fortuna with Sonda. Later the consolidated group will be floated on the stock exchange. On Thursday, Enterprise Investors finalized the purchase of a 90% stake in Agros-Fortuna. The transaction, whose value is estimated at zl. 110 million, does not come as a surprise as the contract was signed in 2002. This makes EI the leading player on the national juice market as it earlier obtained 23% of shares belonging to another juice producer, Sonda. The purchases amounted in total to $34 million. "This is our biggest investment in Poland," said EI partner Ryszard Wojtkowski. (Gazeta Wyborcza, p. 30) A.C.