Dinu had previously run A&D Pharma, the largest local pharmaceutical group, and was given a seat in Domo’s board of directors by founder and former CEO Lorand Szarvadi last year.
Domo officials did not provide any information about Domtech, therefore it is not clear whether this was a change of owners or merely a transfer between two entities of the same investment fund.
“A deal has been recently completed that had been going on for a while. A Swiss investment fund, Domtech, bought 100% from TMD (Technomarket Domo NV, the former majority shareholder of the company, i.e.),” said Lorand Szarvadi, the founder of the company and a minority shareholder until recently.
Domtech now owns 99.99% in the retailer.
There is hardly any information about Domtech Holding AG. Nothing is known about its portfolio or history. “I am not allowed to answer that question,” Szarvadi said.
The only information available is that Domtech bought both Domo and Bulgary’s K&K Electronics EAD, which operates the Tehnomarket store chain. The same two companies were also sold in 2007, when investment fund Equest bought the majority stake in the two, which it controlled via Technomarket Domo NV.
Domo is the second leading electronics, home appliances and computer retailer on the Romanian market by sales in 2011 and has about 100 stores throughout the country. It posted EUR165 million revenue in 2011, the last year for which financial results are available.
(English version by Loredana Fratila-Cristescu)