The company is administered by Globocon company. Cristian Ghibu, Globocon representative stated that, after rebranding, the group of companies will be sold, adding he might be among the new shareholders, with a minority stake.
Romania’s former transport minister Relu Fenechiu owns a 96% stake in the company, while his brother Lucian Fenechiu owns a 4% stake.
Fenechiu was sentenced definitively to five years in prison for accessory to abuse of office, while his brother was also sentenced to five years in prison.
FENE group was established in 1991 and includes Fene Grup (constructions), Tehnorom (IT&C, security systems, carpentry, wiring), La Rocca SRL (sale of construction materials, sanitary appliances and hotel equipment) and Integra Business Consulting (constructions design and consultancy).
Ghibu said the four companies in FENE group reported a EUR10 million overall turnover in 2013.