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Battistero Plans $65 Million Romania Investment, Adevarul Says

Battistero SpA, a privately owned Italian company, plans to invest 50 million euros ($65 million) in a factory in Romania, Adevarul newspaper reported today, citing the company’s owner.

The Parma-based cake producer plans to build the factory near the central Romanian city of Cluj-Napoca and start making panettone, a sweet bread studded with raisins, and other cakes beginning in September 2013, Felice Moretti, Battistero’s owner said, according to Adevarul.

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