Popescu had sold a nearly 0.22% stake in the company within three trading sessions held on June 30, July 1 and July 2, per ZF calculations based on stock market data.
The company, with a market value of RON48.1 million, is majority held by Vlad Popescu, its founder and general manager, with a 38.7% stake, while Marius Alexe holds 10.3% of the company’s shares, stock market data show.
Norofert shares have been trading up 100% from the first trading session of March 3 to date, per ZF calculations based on the closing price of July 6, 2020.