Goldbach Group: Withdrawal from Romania
As announced on the occasion of the presentation of the half-year results 2014, Goldbach has withdrawn from Romania as of December 18, 2014 and is handing over the business activities to the existing management.
In recent years, Goldbach Group has played a key role in restructuring Goldbach Media and Goldbach Audience in Romania and bringing them to break-even. After completing this work, the decision was made to sell the two companies to the previous management, as the company writes in a statement. In this way, the continuation and development of the business activities can be carried out efficiently directly from the Romanian market, which is in line with the objectives of both parties. Sales of the two companies were 3.28 million Swiss francs in 2013, and the purchase agreement will come into effect on December 18, 2014. The parties have mutually agreed not to disclose the sales amount.
