“This acquisition is part of the management strategy of Infinity Capital Investments S.A., approved by the General Meeting of Shareholders on 27.04.2023, respectively to improve the quality of the managed portfolio with the aim of increasing its long-term and sustainable value for the benefit of the shareholders of Infinity Capital Investments S.A.”, the report shows.
According to Infinity Capital Investments, the acquisition falls within the risk limits established for the risk appetite assumed by Infinity Capital Investments S.A., and the increase in exposure to this issuer aims to diversify the risk at the level of the entire portfolio managed.
“The investment/disinvestment activities of Infinity Capital Investments S.A. are made with the aim of increasing the value of the portfolio in the long term, strictly comply with the relevant legal provisions and are included in the permitted investments provided by the regulatory framework in force”, in the with the report.
Infinity Capital Investments had a net profit of RON18.4 million in January-June 2023, down 87% from RON144 million in the same period of 2022. In total, revenues reached RON29 million in the first six months of 2023, down 82% from RON158.5 million in the year-earlier period. Expenses totaled RON8.4 million in the first half of 2023, down 21% on the year, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.