SIF Banat-Crisana sold 469,374 shares in Transilvania Constructii at RON62 a share, 10% above the company’s closing price on Wednesday.
Thursday, Transilvania Constructii closed at RON59 a share, 4.7% higher on the day.
The deal came just two days after SIB Banat-Crisana increased its stake in Transilvania Constructii to 50.82% from 49.63% previously via a public takeover offer in Bucharest.
SIF Banat-Crisana currently owns 1.2% in Transilvania Constructii.