The operation targets the purchase of up to 93 million shares carried out on the market or through public purchase offers, within a maximum of 12 months from the publication of the decision in the Official Gazette. The minimum purchase price is set at RON0.765 per share and the maximum price at RON1.15 per share.
The program is aimed at reducing the share capital and financing will be covered by available cash or by capitalizing on the company’s assets, as per a stock market report.
The shareholders also voted on putting up for sale through open outcry bid several prominent assets such as the Semiramis and Tosca tourism complexes, as well as land plots in the seaside resort of Saturn, including the land parcels tied to Popasul Turistic Saturn, which cover areas of 2,059 square meters up to 76,395 sqm. They also approved the sale through direct negotiation of other land plots and also the removal from the Articles of Association of certain business locations, including the Vraja Marii, Balada, Cleopatra, and Narcis hotels.
THR Marea Neagra is valued at around RON170 million at the Bucharest Stock Exchange after its shares have gained 75% over the last year. Investment fund Transilvania Investments Alliance owns three quarters of the share capital.
The company ended the first half of 2026 with net profit of RON5.9 million, compared with nearly RON10 million in the same period of 2025. Its operating revenue decreased to RON37 million in January-June 2026 from RON46.4 million in the year-earlier period.