Union International Center requests that Lido Bucharest, a company holding 10% of the shares of the entity owning the 5-star InterContinental hotel in Bucharest, file for insolvency, citing a bankruptcy offense. The request will be discussed this month.
At the beginning of the year, Profit.ro announced that Lido is preparing the sale, via the stock market, of 1.89% of the shares of the company owning the InterContinental hotel. Lido shareholders are also set to vote on this operation.
Lido is owned by the state, through the Ministry of Tourism, with 42.8%, and other shareholders, with 46.5%, while Union International Center holds a 10.6% stake.
Source: Profit
Frequently Asked Questions
Why is Union International Center requesting Lido’s insolvency?
Union International Center cites a bankruptcy offense as the basis for the insolvency request against Lido Bucharest.
What major asset does Lido Bucharest hold?
Lido Bucharest owns a 10% stake in the company that operates the 5-star InterContinental hotel in Bucharest.
Who are the main shareholders of Lido?
Lido is owned by the Romanian state (42.8%), various other shareholders (46.5%), and Union International Center (10.6%).