Following the completion of the transaction, One United Properties holds direct sole control over BO Retail Invest S.R.L., which in turn owns the majority stake in Bucur Obor S.A.
On November 19, 2021, by means of a loan from One United Properties, BO Retail Invest S.R.L. acquired 54.4351% of the share capital of Bucur Obor S.A., for RON64.93 million, at a price per share of RON8.918. The transaction was completed on February 8, 2022 after getting antitrust clearance from Romania’s Competition Council.
Bucur Obor shopping center in capital Bucharest was inaugurated in 1975 and currently hosts stores of all sizes, from family businesses to established international brands. The company was listed on the Bucharest Stock Exchange in July 1997 and is now listed on the AeRO market under the symbol BUCU, having a stock market capitalization of RON254 million. The company’s second largest shareholder is Manea Gelu, with an ownership stake of 16%.
One United Properties’ portfolio includes the projects One Mircea Eliade, One Mamaia Nord, One Herastrau Towers, One Timpuri Noi, One Floreasca Vista, One Verdi Park, One Modrogan, One Peninsula, One Cotroceni Park, which were delivered or are under development. The company was founded by Victor Capitanu and Andrei Diaconescu who currently own 59% of the company’s shares and are the only executive members of the Board of Directors. The remaining five members are non-executive.