Appraisal & Valuation (APP), a real estate appraisal, consultancy, and development company listed on the Bucharest Stock Exchange, announced the acquisition through its subsidiary APP Investiții of 100% of the share capital of Valyscom Roiesti SRL for EUR 1.6 million.
Valyscom Roiesti owns a property in Craiova, valued at EUR 3 million.
To finance the transaction, APP Investiții will borrow EUR 1.1 million from BRCI.
This acquisition represents an opportunity to expand APP’s activities into the hotel sector.
Valyscom Roiesti’s business objects include Hotels and other accommodation facilities, Restaurants, and Road freight transport.
In 2022, the company recorded total revenues of RON 4.4 million and a gross profit of RON 79,300.
Valyscom Roiesti has no loans or other long-term debts, except for a car leasing contract expiring in April 2024.
Frequently Asked Questions
What is the acquisition price for Valyscom Roiesti?
The acquisition was completed for a total of 1.6 million EUR for 100% of the company’s capital.
What is the value of the assets involved?
The company owns a real estate asset in Craiova valued at 3 million EUR, significantly higher than the purchase price.
How did Appraisal & Valuation finance this deal?
The transaction was financed through a 1.1 million EUR loan obtained from BRCI.