The ownership stake of 9.6865% was purchased for the amount of RON9.21 million, Infinity representatives said in a report published at the Bucharest Stock Exchange.
Flaros, held by Infinity Capital Investments, seeks to sell plots of land that cover 4,700 square meters and are located in capital city Bucharest.
Flaros Group is majority held by Infinity Capital (with an ownership stake of over 90% after the abovementioned deal, and has a market value of RON109.5 million in the context of a 27.3% decrease in shares over the last year, amid deals worth RON9.7 million.
Flaros said in its half-year financial report that it had a net profit of RON1.2 million in January-June 2023, lower than RON1.4 million in the same period of 2022, and a turnover of RON3.2 million, higher than RON3.07 million in the year-earlier period.