The buyer is real estate developer Hagag Development Europe, with the deal being approved by stakeholders late last year.
Hagag plans to invest massively in historic buildings to consolidate and turn them into luxury housing or office projects.
The payment for the Primaverii land plot was made in two tranches.
In 2022, Practic SA’s shares have risen by 12.2% amid deals worth almost RON16,000. The company present on the AeRO market has a capitalization of close to RON500 million.
The company posted RON25 million net profit in 2021, up 11.5% on the year, and RON37.7 million turnover, 2.1% higher.
Practic SA will pay out a gross dividend of RON55.3342 per share to its shareholders, with the total amount allocated for dividend payment reaching RON32.8 million.
(English version by Catalina Apostoiu)