Chimsport Orastie, owned by Chimica Orastie, where Farcas is also the board president, on Thursday bought 16 million shares in VES Sighisoara at 0.1047 lei (EUR0.025) per share, up 14.9% on the closing price of the previous session.
The bulk of the stake bought, namely 11.85 million shares, came from Debrocons, owned by Chelu, whose stake in VES shrank to 16.6%, from 26.5%.
Thus, Chimsport now holds a 45.13% stake in VES, from 28.43% before the purchases made over the past two days.
VES shares were trading mid-Friday at 0.0775, down 0.13% on the day.
The company has a share capital of RON11.8 million, divided into 118.8 million shares with a face value of RON0.1.
VES posted sales of RON8.3 million in the first quarter, up 44% on the year. Its loss widened to RON422,000, from RON18,000 in the first quarter of 2010. (EUR1=RON4.1254)