Before the deal, Andrici owned 9.25% in Impact, according to the data on the Bucharest Stock Exchange.

Andrici paid 328,000 lei (almost EUR73,000) for the 1.44% stake in Impact.

During the last three months, Andrici has bought several stakes in the company. He owned 5.75% in Impact early August.

Impact on Wednesday said its turnover more than doubled to RON20.5 million and its loss widened 13% to RON16.26 million on the year in the first nine months of 2012.

Impact’s shareholding structure includes Dan Ioan Popp, the company’s founder, with a 16.5% stake, investment management company East Capital, which owns a 10.1% stake via Cyprus-based Salink Limited, and three ING funds that own 5.18%.

On the Bucharest Stock Exchange Wednesday, Impact shares traded flat at RON0.1165 a share. (EUR1=RON4.5310)