Constantin Stefan forwent the position of Chairman of the Board of Directors of Braiconf in March 2019, to fill the position of Board member. Following this decision, Robert Zisu, the general manager of Electroarges, was appointed provisional Chairman of the Board of Directors of Braiconf.
According to a stock market report, Constantin Stefan holds 69% of the share capital of Industries Benjamins, the firm which has recently acquired 42% of Braiconf shares.
Constantin Stefan also owns 85.5% of the share capital of Investments Constantin SRL, which holds a 36.8% stake in Electroarges. In March 2019, Electroarges sold 42% of the share capital of Braiconf and was left with an 18.59% stake.
Considering an average trading price of RON0.33 per one Braiconf share, the sale transactions amounted to nearly RON6.2 million, according to ZF calculations.
Electroarges had acquired the majority stake in Braiconf Braila in September 2018. Electroarges Curtea de Arges has a market capitalization of RON80.6 million, compared with Braiconf Braila’s market capitalization of RON13.5 million.