SCD Holding sold its Interfruct Kft Cash and Carry chain

By: trademagazin Date: 2008. 05. 21. 00:00

Calslane Holdings Ltd, a financial investor bought the food and chemicals wholesale company for an undisclosed price.

SCD sold Cash and Carry in order to
clear its portfolio, Hungarian owners will buy out the 19% stake
owned by SCD UK and will list the company at the stock exchange
afterwards. SCD Holding is to set up project companies to complete
separate projects, and projects to raise capitalization to EUR 400
million in 2-3 years. SCD has just completed construction of a Ft 4
billion residential complex near Lake Balaton, while its EUR 450
million development around Lake Balaton with Ireland’s Quinlan
Private will start in autumn. The company is also planning
investments in Bulgaria (offices and commerce), Romania (600
apartments) and Croatia (tourism).