Businessman Lutz Stache, who sold the Simcor Oradea group in an over 50 million-euro deal last year and who has a regional business worth more than 700 million euros and employing 10,000 people in the constructions industry, says that Simcor is one of his most profitable businesses ever, and that results in Romania were higher than planned.

For the first time before the press in Romania, after not having given interviews for a number of years, Lutz Stache announced the takeover of the lime business of ArcelorMittal Galati and investments that will amount to 40 million euros.

Source: ZF 11 September 2009