The investment fund Transilvania Investments Alliance, stock symbol TRANSI, which holds 78.8% of the share capital of the company Turism, Hoteluri, Restaurante Marea Neagră, EFO, has requested the addition to the agenda of the extraordinary general meeting of shareholders of THR of the sale of two hotels and two plots of land on the Romanian seaside, which are worth a combined 15 million EUR.
Transilvania Investments thus targets the sale of the Măgura hotel in Eforie Sud for 3 million EUR and the sale of the Vraja Mării complex in Eforie Nord for 2 million EUR. In the Saturn resort, the company plans to sell two plots of land: one with an area of 21,366 sqm, worth 2.5 million EUR, and another of 76,395 sqm, valued at 7.5 million.
Also on the agenda of this month’s EGMS is the approval of contracting a short/medium-term loan to cover temporary liquidity needs, worth a maximum of 5 million EUR or the equivalent in RON.
EFO shares have increased by 58% in the last 12 months, on a turnover of 2.4 million RON. The company displays a capitalization of 231.55 million RON.
Frequently Asked Questions
What assets are currently being sold by THR Marea Neagră?
The company is selling the Măgura Hotel in Eforie Sud, the Vraja Mării complex in Eforie Nord, and two significant land plots in the Saturn resort, totaling 15 million EUR.
Who owns the majority of THR Marea Neagră?
Transilvania Investments Alliance (TRANSI) is the majority shareholder, controlling 78.8% of the company’s social capital.
How has the EFO stock performed recently?
EFO shares have seen a significant growth of 58% over the last 12 months, reaching a market capitalization of 231.55 million RON.