Valeo Foods paid Pavol Jakubec €370m for confectionery maker I.D.C. Holding
- 4 hours ago
- 1 min read
Ireland's Valeo Foods paid Pavol Jakubec a total of €370m for confectionery maker I.D.C. Holding (brands including Horalka and Mila), company financial statements show. Under its new owner, the company early-repaid an €85m loan from SLSP and €28m in bonds, which carried interest rates of 1.2% to 3.9%. These were replaced by a €110m loan from the owner at 6% interest. The company also sold and leased back its production plant in Sereď. The result of this was a €0.5m loss last year after €50m in net profit over 2022–24.
(sme.sk)
