Infinity Capital Investments, formerly SIF Oltenia (SIF5), announced at the Bucharest Stock Exchange that on August 8, it signed a sale-purchase agreement for the 27.455% stake in Turism Lotus Felix for the amount of 9.04 million RON, which has now been fully collected.<\/p>\n
Previously, on August 3, 2023, the company informed investors about the adjudication of the entire stake within a competitive open outcry Dutch auction. The buyer has not yet been announced.<\/p>\n
As of Q1\/2023, Turism Lotus Felix represented 0.56% of Infinity Capital Investments’ total assets and was valued at 12.5 million RON.<\/p>\n
Infinity Capital Investments has a market capitalization of 857.5 million RON. SIF5 shares have recorded a 1.2% decrease since the beginning of the year, based on transactions worth 17.5 million RON, according to BVB data. The company reported a net loss of 7.3 million RON in Q1\/2023, down from a net profit of 4.4 million RON in the same period of 2022.<\/p>\n
What was the final sale price of the Turism Lotus Felix stake?<\/strong><\/p>\n The 27.455% stake was sold for 9.04 million RON, and the amount has been fully collected by Infinity Capital Investments.<\/p>\n How was the sale process conducted?<\/strong><\/p>\n The transaction was finalized following a competitive open outcry Dutch auction, a process announced to investors earlier in August 2023.<\/p>\n How does the sale price compare to previous valuations?<\/strong><\/p>\n The sale price of 9.04 million RON is lower than the Q1 2023 valuation, which estimated the stake’s value at 12.5 million RON.<\/p>\n","protected":false},"excerpt":{"rendered":" Infinity Capital Investments, formerly SIF Oltenia (SIF5), announced at the Bucharest Stock Exchange that on August 8, it signed a sale-purchase agreement for the 27.455% stake in Turism Lotus Felix for the amount of 9.04 million RON, which has now been fully collected. Previously, on August 3, 2023, the company informed investors about the adjudication…<\/p>\n","protected":false},"author":0,"featured_media":91457,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[1837,1835,1503,1544],"thb-sponsors":[],"class_list":["post-115939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","tag-bursa-de-valori-bucuresti","tag-infinity-capital-investments","tag-sif-oltenia","tag-sif5"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/investitii-3.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/115939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=115939"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/115939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/91457"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=115939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=115939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=115939"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=115939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}