The 29.27% stake in the share capital of Turism Felix held by SIF Oltenia is to be sold at a minimum price of 44.5 million RON. The Financial Investment Company informed shareholders that the sale will take place via the “special order sale” method on the market for offers and special operations managed by the BVB.
Specifically, SIF Oltenia intends to sell 143.75 million TUFE shares at a minimum price of 0.31 RON per unit. The sell order is of the AON (all-or-nothing) type and is valid starting March 29.
The hotel company Turism Felix manages a tourist complex in the Băile Felix resort and reported a net profit of 8.6 million RON for 2022, down 16.6%, in the context of a turnover of 95.7 million RON, up 16.3%.
The company’s majority shareholder is Transilvania Investments Alliance, formerly SIF Transilvania, with 63.7% of the shares.
Frequently Asked Questions
What are the terms of the SIF Oltenia stake sale?
SIF Oltenia is selling 143.75 million shares (29.27% stake) at a minimum price of 0.31 RON/share, totaling at least 44.5 million RON.
How will the transaction be executed on the stock exchange?
The sale will use the “special order sale” method on the Bucharest Stock Exchange (BVB) via an All-or-Nothing (AON) order starting March 29.
How did Turism Felix perform financially in 2022?
The company saw a 16.3% increase in turnover to 95.7 million RON, though net profit decreased by 16.6% to 8.6 million RON.