The company’s shareholders will discuss the proposition at the general assembly due on July 1. The agenda also includes the submission for approval in principle of a merger through absorption of Imotrust with Arcvia Minerva, Ermo Real Estate Development and Imovest Clean. The absorbing company will be designated either Imotrust or Arcvia Minerva.
Imotrust Arad is 21% held by UTA Arad, 15% by Arcvia Minerva Arad, 15% by Parc Industrial UTA and 12% by SC BLoc 03 UTA Arad.
Imotrust Arad is focused on the sale of residential assets, the construction of houses and their sale, alongside farmland. In 2018, Imotrust sold assets worth a total EUR1.54 million.
The company had a turnover of RON3.8 million and a loss of RON9 million in 2018.