OREANDA-NEWS. May 27, 2011. This company was mortgaged in "Victoriabank" by Marr-Shugar, which scaled back its activities in Moldova. The bank president Natalia Polite Kangash told, during the year, the bank sought for a buyer for the plant and was negotiating with Krajowa Spolka Cukrowa.

On Monday, the talks culminated in the signing of the contract. The transaction amount is not mentioned, as noted by Natalia Polite Kangash, the deal turned out to be unprofitable and non-profit - the bank has returned its money. Talking about the new investor in the form Krajowa Spolka Cukrowa coming to Moldovan market , president "Victoriabank" said one of the first tasks that he has to realize - is modernization program, as the equipment of the plant is over 40-50 years. It is assumed that Polish investors will create new jobs and introduce modern technology and will focus on staff development.

The investment project will be implemented through the company's Moldova Zahar, which is 100% owned by Krajowa Spolka Cukrowa. Analysts, opinions of whom InfoMarket asked , believe that the transaction value amounted to USD 4-6 million investors, in addition to upgrading equipment at the plant, will face a serious challenge to restore the acreage of sugar beets around the plant - in the north-west of Moldova. According to its passport Kupchin sugar factory should process 4,5 thousand of beets per day - is 400-450 tons of beets per season. For its cultivation there should be 12-15 thousand hectares of crops.

To restore them, in the north of the country it will take more than one year and requires considerable investment, but if it succeeds, will benefit for all - both the plant and farmers.