The stake was sold for 850,000 lei, at RON0.5 per share.
According to local media, Iris Maria Viciu is the daughter of Bistrita-based businessman Emanoil Viciu, which owns 8.7% in Teraplast and is a member of the company’s Board of Directors. In 2010, Emanoil Viciu transferred his daughter, for her 20th anniversary, a 10 million stake in Teraplast, representing 3.35% in the company, in a special deal worth RON6 million.
Teraplast saw its sales 18% higher in the second quarter of 2015, while the profit was twofold higher, despite an increase in the raw materials prices. The positive financial results doubled the share prices on the Bucharest Stock Exchange BVB since January 2015, at over 130%.
Dorel Goia owns a 46.7% stake in Teraplast, while Finnish investment fund KJK owns 10%, while Hungarian construction materials distributor Marley holds a 7.9% stake.
(English version by Manuela Panescu)