Shareholders of Tușnad SA have approved the sale of the company’s main properties, marking a strategic shift by the majority investor toward optimizing holdings through capital exits or affiliations with international hotel chains.
The Extraordinary General Meeting of Shareholders of Tușnad SA (TSND), a company listed on the AeRO market of the Bucharest Stock Exchange, approved the sale of the Tușnad Hotel (216 rooms, approximately 6,900 sqm), the O3zone hotel complex (228 rooms, over 7,000 sqm), and the resort’s treatment base (approximately 4,500 sqm). The decision was supported by Transilvania Investments Alliance, which holds an 82.87% stake.
The trading of these assets represents a significant downsizing of Tușnad SA’s activity, whose market capitalization is approximately EUR 4.41 million, calculated at a price of EUR 0.0146 per share (RON 0.0745). In parallel with exit plans for certain holdings, TRANSI has initiated extensive investments in the rest of its hotel portfolio, aiming for modernization through affiliations with major international networks.
Frequently Asked Questions
Which hotels are being put up for sale in Băile Tușnad?
The assets approved for sale include the Tușnad Hotel, the O3zone hotel complex, and the resort’s treatment base.
Who is the majority shareholder of Tușnad SA?
Transilvania Investments Alliance (TRANSI) is the majority shareholder, holding an 82.87% stake.
What is the purpose of these asset sales?
The strategy aims to optimize the portfolio through capital exits and focus investments on modernizing other units through international affiliations.