{"id":123974,"date":"2015-12-16T00:00:00","date_gmt":"2015-12-15T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/several-sif-transilvania-shareholders-request-a-change-in-company-management\/"},"modified":"2026-03-28T20:44:59","modified_gmt":"2026-03-28T18:44:59","slug":"several-sif-transilvania-shareholders-request-a-change-in-company-management","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/several-sif-transilvania-shareholders-request-a-change-in-company-management\/","title":{"rendered":"Several SIF Transilvania shareholders request a change in company management"},"content":{"rendered":"<div>Several SIF Transilvania shareholders, holding 8.09% of the company&#8217;s share capital, are requesting the convening of a General Meeting of Shareholders (AGA) to discuss the management of Mihai Fercala, which is considered flawed and allegedly generated losses of approximately EUR 50 million in recent years.&nbsp;<\/div>\n<div><\/div>\n<div>The shareholders want a revision of the current business model to increase efficiency and align the company with existing European best practices in corporate governance, according to a statement from the respective shareholders.<\/div>\n<div><\/div>\n<div>The shareholders requesting the AGA include Certinvest funds, the &#8220;Pensia mea&#8221; private pension fund, the Broadhurst Investments investment fund, and a series of individual shareholders, including Constantin Fratila and Radu Toia, a former director within the market regulator who recently secured a seat on the Board of Directors of the Bucharest Stock Exchange market operator.<\/div>\n<div><\/div>\n<div>The statement notes that &#8220;almost none of the renovated hotels are currently profitable, and the prospects for recovering investments within a reasonable timeframe, under the same type of outdated management, are nil.&#8221;<\/div>\n<div><\/div>\n<div>The proposal is for a new management team to develop the company&#8217;s development strategy based on a &#8220;private equity&#8221; approach, primarily focused on the company&#8217;s majority holdings in tourism, real estate development, and non-banking financial institutions.&nbsp;<\/div>\n<div><\/div>\n<p>Source: <a href=\"http:\/\/www.profit.ro\" data-wplink-url-error=\"true\">Profit<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>Why are SIF Transilvania shareholders requesting a leadership change?<\/strong><\/p>\n<p>Shareholders holding 8.09% of the capital cite flawed management and losses of approximately EUR 50 million as reasons for seeking a change in leadership.<\/p>\n<p><strong>Which major investors are involved in this request?<\/strong><\/p>\n<p>The group includes Certinvest funds, the &#8220;Pensia mea&#8221; pension fund, Broadhurst Investments, and individual investors like Constantin Fratila and Radu Toia.<\/p>\n<p><strong>What is the proposed new strategy for SIF Transilvania?<\/strong><\/p>\n<p>The shareholders propose a &#8220;private equity&#8221; approach focusing on tourism, real estate, and non-banking financial institutions to improve profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several SIF Transilvania shareholders, holding 8.09% of the company&#8217;s share capital, are requesting the convening of a General Meeting of Shareholders (AGA) to discuss the management of Mihai Fercala, which is considered flawed and allegedly generated losses of approximately EUR 50 million in recent years.&nbsp; The shareholders want a revision of the current business model&hellip;<\/p>\n","protected":false},"author":0,"featured_media":65795,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-123974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/hotelieri-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123974","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=123974"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/123974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/65795"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=123974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=123974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=123974"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=123974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}