The buyer is Adrian Cretoiu, shareholder and Chairman of the company’s Executive Board, who indirectly increased its holding to 45%.
The acquisition was carried out through the company FIRST ALL ENERGY EUROPE SRL, held by Adrian Cretoiu. The package of shares traded included 3,291,682 shares, at a price of RON13.8 per unit, according to a notification published at the Bucharest Stock Exchange.
FIRST ALL ENERGY EUROPE SRL previously held 16.1% of the share capital of Foraj Sonde Videle.
Stock market data show that Sever Florian Raicu, a member of Foraj Videle’s Executive Board, held 29% of the company’s shares prior to the transaction.
In November 2024, Ziarul Financiar (ZF) daily reported that Iulian Stanciu, the President of eMAG Group, became a shareholder in Foraj Sondele by acquiring an ownership stake of 33% from Sever Raicu through Inspire Asset Management SRL, which, per data on www.termene.ro, is 100%-owned by Iulian Stanciu.
In June 2025, Adrian Cretoiu and Iulian Stanciu also acquired the company Argenta SRL Navodari, which manufactures metallic constructions and constructions for utility projects for fluids and other engineering works.
Foraj Sonde Videle was established in 1983.