Previously, SIF Transilvania became Transilvania Investments Alliance (TRANSI), SIF Oltenia turned into Infinity Investments (INFINITY), SIF Banat-Crisana became Lion Capital (LION) and SIF Moldova changed its name to Evergent Investments (EVER).
„The legal form of LONGSHIELD INVESTMENT GROUP S.A. (hereinafter referred to as “the Company”) is that of a joint stock company, a Romanian private legal person, classified according to applicable regulations as an Alternative Investment Fund in the form of Investment Companies – (F.I.A.S.), the category of Alternative Investment Funds intended for Retail Investors – (F.I.A.I.R.), with a diversified investment policy, of the closed-end type and managed externally,” reads the company’s report.
The company will be able to establish subsidiaries, branches, agencies, representative offices, as well as places of business, both in the country and abroad.
SIF4 shares have lost 1% this year amid deals worth RON366,363, amid a RON1.17 billion capitalization.
SIF Muntenia posted RON147 million net profit in the first nine months of 2023, against RON63.9 million losses in the year-earlier period. Assets rose from RON1.77 billion to RON2.2 billion.
(English version by Catalina Apostoiu)