Rovit, based in Valea Calugareasca in the south of the country, has 1,000 hectares of vineyards over eight properties and a winery in Seciu. The Romanian Estate Agency owns a 46% stake in Rovit.
ROMANIA: AVAB sells off majority stake in Rovit
The agency responsible for recouping banking assets, AVAB, has sold a 53.74% stake in the Romanian wine producer, Rovit, to a Bucharest company called Expert Softfin SRL. Softfin has not so far been involved in wine production but is seeking to diversify its portfolio.
December 16, 2002