BRK’s two new significant holders are: Ileana Herling, who reached an ownership stake of 9.91%, and a fund managed by SAI Atlas Asset Management – FIA DCP Investitii – which reached a stake of 9.2% on October 17.
In total, the abovementioned holders own roughly 19.1% of BRK’s share capital, which means that, relative to the stake sold by SIF Muntenia, one of the two holders used to own a stake which it was not obliged to report. On termene.ro platform, Ileana Herling is a shareholder in 11 companies and a Board member in six companies. However, it is not clear whether it is the same person.
SIF Muntenia, the largest shareholder in BRK until the transactions carried out on October 16, was left with 2.5% of BRK’s voting rights. SIF sold a 15.8% stake for RON9.2 million, at a price of RON0.17 per unit, 6.92% higher than the closing price of the previous day.
BRK Financial Group ended the first half of 2023 with RON4.1 million net loss, lower than the RON5.9 million in the year-ago period, while revenue from continued operations stood at RON12.9 million, 14.7% lower on the year, ZF has calculated from the data in BRK’s financial report. Intermediation revenue amounted to RON8.8 million in the first half of 2023 and was 13.8% lower than in the first half of 2022. The proceeds from the Hidroelectrica IPO were not captured by half-year financial statements.
BRK Financial Group has a market capitalization of RON54 million. BRK shares have traded 41.3% higher so far in 2023, amid deals worth RON23 million, stock market data show.