The shares were transferred by Petre Ciurtin, the father of Albalact general manager Raul Ciurtin, to Cyprus-registered firm Croniar Holdings Limited.
The shares were traded at RON0.1041 a unit. On the Rasdaq market Tuesday, Albalact traded down 0.15% at RON0.13 a share.
The deal was brokered by UniCredit CAIB Securities.
Albalact is among the largest Romanian dairy makers and employs over 600 people.
In August, Raul Ciurtin and his father transferred 26.85% of Albalact shares to Crisware Holdings, registered in Cyprus.
Albalact’s stockholders include Petru Ciurtin, with a 16.07% stake, and investment fund RC2 Limited, which owns 25.45% of the company.
Albalact registered sales of RON247 million in the first nine months of the year, while its net profit dropped 23% to RON2.7 million. (EUR1=RON4.5388)