The 4.26 million shares stake was traded at RON0.53 per share, down 14% from Monday’s price.
Transactions with Electroarges shares have intensified lately. August 6, three companies, Goras Consulting, Prosanio and Epsomatic, sold a total 3.15% stake, or 2.54 million shares, in Electroarges, for RON1.2 million. The transaction was completed at an average price of RON0.517 per share.
In the past, Electroarges was used by Catalin Chelu as speculative vehicle on the bourse.
Electroarges posted sales of RON155.2 million in 2014, while the company’s net profit decreased 35%, to RON7.7 million.
(English version by Manuela Panescu)