The share capital of the hotel company will be RON50,000 divided into 5,000 shares with a value of RON10 each, the company said in the meeting convening notice Friday.
Compa would contribution RON49,990 to the share capital of Compa Hospitality, or 99.98% of the shares, while Dan Nicolae Baiasu, the company’s commercial manager, would own 0.02%.
Compa Sibiu reported a net profit of RON29 million in the first nine months of 2019, down 12% on the year, while its revenues grew 3.5%, to RON598.4 million.
Compa Sibiu fully owns software company Compa IT, holds 99% of road freight transport company Trans Cas and 70% of Recaserv.
Compa Sibiu is 19% owned by Ioan Deac, board chairman and general manager, and 18.7% by Ioan Miclea, while the remaining 62.2% is divided among stock market investors.