Marcu thus sold 1% of MedLife’s shares for RON7.2 million on the Bucharest Stock Exchange.
His bother, Nicolae Marcu, operations manager, sold the same amount of shares for the same price. The two managers thus sold MedLife shares totaling RON14.4 million.
Company shares climbed 8% in the period June 17-21. MedLife shares grew 21.2% since the beginning of the year.
At the end of 2018, Mihail Marcu owned 18.6% of the company, Nicolae Marcu owned 13.15%, and Mihaela Cristescu owned 14%.