The transaction was done at RON18.73 per share, which means the entire stake sold for almost RON1.6 million, ZF has calculated.

The buyer was Expozi Online SRL, a company 99% owned by Iulia-Loredana Popa, member of ICMA’s Board of Directors.

The transaction was conducted on the over-the-counter market of the Bucharest Stock Exchange.

ICMA makes heating boilers and hot air generators, among others.

(English version by Loredana Fratila-Cristescu)