Transilvania Investments Alliance has carried out a portfolio optimization operation by transferring its 91.87% stake in the company Tratament Balnear Buzia\u0219 (BALN) to Eagle Properties, an entity where it also holds control with 90.67% of the shares. The transaction was reported on the AeRO market of the Bucharest Stock Exchange on March 23, with a value of approximately EUR 2.14 million. This restructuring aligns with the group’s exit strategy for assets considered non-core.<\/p>\n
The acquisition of the 145.66 million shares was financed from Eagle Properties’ (formerly Sembraz Sibiu) own resources. The company obtained liquidity at the beginning of last year by selling a 21,000 sqm plot of land located in Sibiu to the retailer Kaufland, in a EUR 4.5 million transaction. Almost half of this amount was used to take over the majority stake in Tratament Balnear Buzia\u0219, a company that operates the Parc, Phoenix, and Timi\u0219 hotels in the Timi\u0219 county resort. The move comes after the hotel operator was included on a list of 30 entities targeted for divestment under the Exit Strategy approved by Transilvania Investments shareholders.<\/p>\n
What was the value of the Tratament Balnear Buzia\u0219 transaction?<\/strong><\/p>\n The transaction for the 91.87% stake was valued at approximately EUR 2.14 million.<\/p>\n Who is the new majority owner of the company?<\/strong><\/p>\n The new owner is Eagle Properties, an entity also controlled by Transilvania Investments Alliance.<\/p>\n Which hotels are operated by Tratament Balnear Buzia\u0219?<\/strong><\/p>\n The company operates the Parc, Phoenix, and Timi\u0219 hotels located in the Buzia\u0219 resort, Timi\u0219 county.<\/p>\n","protected":false},"excerpt":{"rendered":" Transilvania Investments Alliance has carried out a portfolio optimization operation by transferring its 91.87% stake in the company Tratament Balnear Buzia\u0219 (BALN) to Eagle Properties, an entity where it also holds control with 90.67% of the shares. The transaction was reported on the AeRO market of the Bucharest Stock Exchange on March 23, with a…<\/p>\n","protected":false},"author":0,"featured_media":125148,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[2906],"thb-sponsors":[],"class_list":["post-125151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","tag-transilvania-investments-alliance-en"],"article_style_override":"on","post-style":"style2","post_via":[{"title":"profit.ro | 01.04","post_source_url":"https:\/\/www.profit.ro"}],"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\/125151","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=125151"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/125151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/125148"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=125151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=125151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=125151"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=125151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}