SIF Oltenia aims to dispose of the entire stake held in Tu\u0219nad SA, a tourism company listed on the AeRO market. SIF Oltenia (SIF5) has put up for sale its 8.57% participation in the shares of Tu\u0219nad SA (TSND). The requested price for the block of 25.86 million shares is 0.1100 RON\/share, which would raise the total amount obtained to 2.84 million RON. The issuer specified not only that the offer is of the “all or nothing” type, in which the disposal of the entire holding is desired, but also that it would be made through the special sale-by-order method, which suggests that a buyer may already exist.<\/p>\n
At the end of March, SIF Oltenia sold the block representing 29.27% of the shares of Turism Felix (TUFE), a company listed on the Bucharest Stock Exchange (BVB) regulated market, also to Transilvania Investments at the price of 0.3100 RON\/share, bringing the amount collected to 44.56 million RON. The Bra\u0219ov-based company was also the majority shareholder of the company that concentrates 5 hotel units in the B\u0103ile Felix resort and, following the exchange, increased its holding to 93% of the share capital.<\/p>\n
What are the specific terms of the Tu\u0219nad SA share sale?<\/strong><\/p>\n SIF Oltenia is offering its entire 8.57% stake (25.86 million shares) at a price of 0.1100 RON per share, totaling 2.84 million RON on an “all or nothing” basis.<\/p>\n What does the “special sale-by-order” method imply for this transaction?<\/strong><\/p>\n This technical method for executing the trade suggests that SIF Oltenia may have already identified a specific buyer for the stake.<\/p>\n How does this sale relate to SIF Oltenia’s recent activity with Turism Felix?<\/strong><\/p>\n This move follows a major March divestment where SIF Oltenia sold a 29.27% stake in Turism Felix to Transilvania Investments for 44.56 million RON.<\/p>\n","protected":false},"excerpt":{"rendered":" SIF Oltenia aims to dispose of the entire stake held in Tu\u0219nad SA, a tourism company listed on the AeRO market. SIF Oltenia (SIF5) has put up for sale its 8.57% participation in the shares of Tu\u0219nad SA (TSND). The requested price for the block of 25.86 million shares is 0.1100 RON\/share, which would raise…<\/p>\n","protected":false},"author":0,"featured_media":90641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[1503,1544],"thb-sponsors":[],"class_list":["post-116163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","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\/116163","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=116163"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/116163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/90641"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=116163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=116163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=116163"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=116163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}