Albania's Balfin has sold Albchrome to Turkey's Yildirim Group

Albanian investment group Balfin has completed the sale of chrome producer AlbChrome to Turkey's industrial conglomerate Yildirim Group. The price was not disclosed. AlbChrome owns a mine in Bulqiza, ferrochrome smelters in Burrel and Elbasan, and Vllahen Mining and it is one of Albania's main exporters.

Yildirim has committed to keeping the headcount unchanged and continue Balfin's investment strategy, according to Balfin statement.

The Balfin Group is active in a number of sectors including real estate, retail, tourism, agriculture, energy, the mineral industry and services across Southeast Europe, as well as in Austria and the Netherlands.