SIF Oltenia bought Monday 1.68 million shares at 3.2 lei (EUR0.75) per unit, paying RON5.4 million for the entire stake.
Chelu bought, through one of his firms, 1.07 million shares, at an average price of RON3.5. The stocks were bought for a total RON4.67 million.
Argus shares were trading Tuesday on the RASDAQ market for RON4.37, up 25% on the day.
The company has a share capital of RON53,6 million, divided into 35,7 million shares with a face value of RON1.5.
Argus holds an oil plant in Constanta and several warehouses in the counties Constanta, Calarasi and Tulcea.
The company posted sales of RON64 million in the first quarter, up 70% on the year. Net profit rose 26%, to RON5.6 million. (EUR1=RON4.2685)