On Friday, April 7, 2023, THR Marea Neagră, a company listed on the Stock Exchange under the symbol EFO, informed its shareholders regarding the sale of the Venus tourist complex in the Eforie Nord resort for the price of 4 million EUR.
The company has signed several lease agreements for properties on the Romanian coast, set to earn approximately 3 million EUR annually, with rents ranging between 4 thousand and 1.1 million EUR.
THR Marea Neagră is majority-owned by Transilvania Investments Alliance, with a 78.8% stake in the share capital. EFO shares have been trading up 12% over the last 12 months, at 0.224 RON per share. The company is valued at 132.5 million RON, following a 25% decrease in shares over the last month.
Frequently Asked Questions
What was the sale price of the Venus tourist complex?
The Venus tourist complex in Eforie Nord was sold for a total of 4 million EUR.
Who owns the majority of THR Marea Neagră?
Transilvania Investments Alliance is the majority shareholder, holding 78.8% of the company’s social capital.
What is the projected annual rental income for the company?
Following several lease agreements, THR Marea Neagră expects to generate approximately 3 million EUR in annual rental revenue.