The document published on the fund’s website sets the criteria and calendar for capitalizing on some holdings valued at nearly RON328.7 million, which are deemed non-performing or with low growth potential, per data analyzed by Ziarul Financiar (ZF) daily.
The strategy was detailed and validated in its thorough form at the general meeting of shareholders of October 7, offering the framework through which the company will dispose of its holdings in companies which “depleted their growth potential, show limited prospects or generate risk-adjusted return inferior to the efficiency estimated for an active management.”
The declared purpose is double: to improve the net asset value and reduce the trading discount for TRANSI shares on the capital market, which now is 50%.
The strategy also targets an enhanced risk profile for the fund an increase in capital adequacy rate by approximately 15 percentage points compared to the level reported on June 30, 2025. According to internal estimates, if consistently implemented, the strategy will contribute to achieving the performance objectives undertaken for 2028 – a 6% net asset growth and a 7% reduction in trading discount.
Although the strategy focus on the sale of some ownership stakes, the document also sets out the possibility of additional acquisitions of minority stakes in some companies for ownership consolidation and obtaining a more advantageous price at the moment of sale. “The temporary acquisition of minority stakes can represent a way of maximizing the value obtained and increasing shareholder benefits,” according to the company.
Actually, Transilvania Investments aims to gradually reduce its exposure on static investments and to focus its resources on the four main business lines set out in the 2024–2028 strategy: tourism, real estate, active trading and private equity. The fund thus intends to optimize its structure, enhance transparency and ensure “active and efficient management to benefit investors.”
TRANSI has a market capitalization of RON1 billion and assets of nearly RON2 billion.