“The group’s growth strategy is based on three pillars – sustainability, innovation and vertical integration, national expansion and portfolio diversification. The vertical integration, which started in the first part of this year, when Impact bought the majority stake in builder RCTI, continues with the acquisition of other specialized services, complementary to the real estate development business,” the developer said in a report to the Bucharest Stock Exchange.
IAA will be managing Impact developed projects over the next few months, worth more than EUR1.5 million.
Impact shares have lost 20.8% since the beginning of the year on a traded volume of RON51 million. The company has a capitalization of more than RON900 million.
(English version by Loredana Fratila-Cristescu)