Ropharma subscribes stock in proportion with the 33.33% stake it holds in Teo Health.
Teo Health shareholders include SIF Transilvania (SIF3.RO) board vice-president Floriean Firu and Teo Holding owner Cristian Teodorescu. Both of them hold 33% stakes in Teo Health.
The Sf. Constantin hospital in Brasov, managed by Teo Health, was launched in March, following an investment of EUR20 million.
Ropharma is 44.9% owned indirectly by businessman Mihai Miron, through two Cyprus-registered firms. Other shareholders include Arrow Pharmaceuticals with a 31.31% stake and privatization authority AVAS with 0.33%. (EUR1=RON4.2306)