Calculations by Ziarul Financiar (ZF) daily show an investment of almost RON108 million of the two funds.
According to MedLife’s report, Fondul de Pensii Administrat Privat Metropolitan Life and Metropolitan Life Asigurari MetLife Europe d.a.c. Dublin Sucursala Bucuresti held on January 22, 2024 a total number of voting rights of 27,064,546, representing 5.0938% of the total voting rights of Med Life S.A..
MedLife has a market value of RON2.1 billion and its largest shareholders are Mihai Marcu (a 14.77% stake), Mihaela Gabriela Cristescu (14.04%), private pension fund Fondul de Pensii Administrat Privat NN (13.24%) and Nicolae Marcu (10.41%). M shares have lost 18.4% in the past year, amid deals worth RON171 million, as per stock market data.
MedLife posted RON1.64 billion operating income for the first nine months of 2023, up 23% from the year-earlier period. On the other hand, net profit plunged to RON3.8 million from RON56.8 million amid rising expenses.