Between April 22 and May 22, SIF Transilvania developed a secondary public offering for the sale of its 56.72% stake in COMCM Constanta for 33.56 million lei (EUR7.5 million). The price was set at RON0.2504 a share.
The company is 56.72%-owned by SIF Transilvania, while Constantin Fratila and his family hold together a 31.6% stake.
Wednesday, COMCM Constanta traded 5% higher at RON0.21 a share in Bucharest. (EUR1=RON4.4170)