“The sale will reportedly be carried out through the “special order sale” method on the market of offers and special operations administered by the Bucharest Stock Exchange,” SIF5 representatives said in a stock market report.
SIF Oltenia intends to sell a number of 1.55 million SIRM shares, at the price of RON12 per share, which would total RON18.66 million. The sales order is AON (all or nothing) and is valid starting with May 2,.2023.
A week ago, SIF Oltenia targeted a price of RON12.5 per share, totaling RON19.44 million, as per a report of April 19 which stipulated that the sales order was valid starting April 24.
Sinterom has a market capitalization of RON52.7 million after its shares have lost 21.5% over the last year, amid deals worth just RON4,500. The company is 73.1% held by Contactoare Buzau.
SIF5 shares have lost 12% over the last 12 months, amid deals worth RON113.3 million, ensuring a market value of RON860 million.