The Financial Supervisory Authority (ASF) has approved two major market operations initiated by the alternative investment fund Transilvania Investments Alliance. These moves target a public tender offer for the shares of the hotel company Aro-Palace Bra\u0219ov and a public offer for the buyback of its own shares, consolidating the fund’s position in the tourism sector and the capital market.<\/p>\n
The public tender offer for Aro-Palace Bra\u0219ov targets a package of 16.2 million shares, representing 4% of the company’s share capital, at a price of EUR 0.085 per share. This rate is approved at half compared to the current market trading price of EUR 0.161 per unit. The nominal value of a share is EUR 0.019. The transaction totals EUR 1.37 million, to be carried out between July 2 and July 15 under the intermediation of brokers from Estinvest. Currently, Transilvania Investments holds an 85.7% stake in Aro-Palace’s capital.<\/p>\n
Concurrently, ASF approved the public offer through which Transilvania Investments will buy back a volume of 160 million of its own shares, representing 7.52% of its share capital. The purchase price is set at EUR 0.12 per share, with the total amount allocated by the fund being a maximum of EUR 19.23 million. This operation is scheduled for the period July 1 \u2013 July 14 and will be intermediated by BT Capital Partners.<\/p>\n
Recently, Transilvania Investments Alliance reported the completion of a double transaction with Winners First, a company controlled by the Ciorcil\u0103 family, which manages the Radisson Blu hotel in Cluj. Through this move, the fund acquired a 10.25% stake in Aro-Palace from Winners First for EUR 3.15 million. In parallel, the fund and Turism Felix sold a 68.6% stake in Turism Lotus Felix to the same entity, with the transaction value amounting to EUR 9.36 million.<\/p>\n
What operations of Transilvania Investments were approved by the ASF?<\/strong><\/p>\n The ASF approved a public tender offer for Aro-Palace Bra\u0219ov shares and a public buyback offer for Transilvania Investments’ own shares.<\/p>\n What are the details of the Aro-Palace Bra\u0219ov offer?<\/strong><\/p>\n The offer targets 16.2 million shares (4% of capital) at EUR 0.085 per share, totaling EUR 1.37 million, running from July 2 to July 15.<\/p>\n How many of its own shares will Transilvania Investments buy back?<\/strong><\/p>\n The fund will buy back 160 million of its own shares (7.52% of capital) at EUR 0.12 per share, with a maximum budget of EUR 19.23 million.<\/p>\n","protected":false},"excerpt":{"rendered":" The Financial Supervisory Authority (ASF) has approved two major market operations initiated by the alternative investment fund Transilvania Investments Alliance. These moves target a public tender offer for the shares of the hotel company Aro-Palace Bra\u0219ov and a public offer for the buyback of its own shares, consolidating the fund’s position in the tourism sector…<\/p>\n","protected":false},"author":0,"featured_media":127018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2853],"tags":[2906],"thb-sponsors":[],"class_list":["post-127109","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":"zf.ro | 25.06","post_source_url":"https:\/\/www.zf.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\/127109","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=127109"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/127109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/127018"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=127109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=127109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=127109"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=127109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}