Businessman Gheorghe Nețoiu, a former MP and shareholder of the Universitatea Craiova and Dinamo București football clubs, has sold his stake in the complex housing the famous “Doi Cocoși” restaurant in northern Bucharest to Elena Borcea—mother of former Dinamo București owner Cristian Borcea—and a business partner of his family.
Gheorghe Nețoiu owned approximately one-third of Complexul Turistic International Doi Cocoși, the company through which the restaurant is operated. He has now assigned his entire stake to Valentin Țăranu, a business partner of the Borcea family and also an associate in the firm. The price Nețoiu received for his stake was 800,000 EUR.
Following the transaction, Valentin Țăranu, in turn, transferred a portion of the acquired shares to Elena Borcea; now, each of them holds nearly 50% of the company, with the remainder belonging to minority shareholders. Concurrently, the partners approved the issuance of the commencement order for the 102-apartment building that will replace the “Doi Cocoși” complex, which received its building permit earlier this year.
The company was authorized to construct a residential complex featuring two basement levels, a ground floor, and 9 floors (the top 3 being set back), comprising 102 apartments.
The proposed new construction will have a total built area of approximately 18,700 sqm and will occupy about half of the land.
Frequently Asked Questions
Who purchased Gigi Nețoiu’s stake in the “Doi Cocoși” complex?
The stake was acquired by Valentin Țăranu and Elena Borcea, the mother of former Dinamo owner Cristian Borcea.
What is the value of the transaction?
Gheorghe Nețoiu sold his approximately one-third share for a total of 800,000 EUR.
What will be built on the site of the former restaurant?
A residential development featuring a 9-story building with 102 apartments and a total surface area of 18,700 sqm.