U.S.-based Jerome Foods sells entire stake in Indykpol

U.S.-based Jerome Foods Inc decided to sell its whole Indykpol stake to another co-owner, Polish company Rolmex. Rolmex already controls almost 53% of shareholder votes. Now it will control more than 90% of them. The decision of the American company was made after long negotiations, finished by signing an agreement on May 26. At the same time Jerome Foods decided to sell to Rolmex 15.61% shares of Eldrob. The agreement will come into effect after Rolmex obtains all permits demanded by Polish legal regulation. After its planned consolidation with Lubdrob, Indykpol will be the owner of 40% of its shares. The takeover of Lubdrob will happen during next 12 months. (Puls Biznesu page 6, Rzeczpospolita page B4) A.D.