Gravity Capital Investments was established when it was still operating under the SIF Oltenia brand.
“The share capital increase was carried out in order to obtain liquidity to support the investment program of Gravity Capital Investments”, the report shows. To date, Infinity Capital Investments has not published any stock market report regarding the objectives and activity of the subsidiary.
In fall 2022, the company decided to establish Gravity Capital Investments, having “Activities of holding companies” as core business. The value of the share capital subscribed and transferred was RON90,000, of which SIF Oltenia held 99.99%, and the company Voltalim S.A. Craiova, owned a 0.01%.
Voltalim Craiova, controled by SIF, has as core business the lease and sublease of own or rented real estate goods. Its business activity spans 23 years.
Infinity Capital Investments has a market capitalization of RON850 million. SIF5 shares have traded 1.2% lower so far in 2023, amid deals worth RON26.3 million, in line with stock market data.
Infinity Capital Investments had a net profit of RON18.4 million in January-June 2023, down 87% on the year, and revenue of RON29 million, down 82% on the year, as per data from the half-year financial report.