Patriciu is looking to buy Fabian Romania investment fund, in the midst of financial crisis

Black Sea Global Properties, chaired by businessman Dinu Patriciu submitted 37.8 million euros bid for the acquisition of Fabian Romania investment fund, where he already holds a roughly 25% stake.

Black Sea Global Properties Limited (BSGP), indirectly chaired by businessman Dinu Patriciu, already handles 25.2% stake in Fabian Romania, recently acquired via Finite Assets Limited, controlled by BSGP.

According to the press release remitted by the company, the bid was being made at a price of 1 euro for each Fabian Romania share, almost double over the Thursday closing price on London’s AIM market. The entire issued ordinary share capital of Fabian Romania was valued at 50.8 million euros.

“I believe that our offer represents a full and fair price for Fabian Romania. Our investment in Fabian Romania allows us to fulfil my long held ambition to create a platform on whichwe can build a property company that will acquire and develop assets in Romania”, said Dinu Patriciu (photo).

Fabian Romania Property Fund Limited was incorporated in April 2005 and invests in the main sectors of the real estate market in Romania. The fund invests in a combination of co-investment development projects and fully-let buildings. The company is listed at London’s AIM and holds stakes in more than 10 real estate projects in Romania. The net value of properties amounts to 85 million euros.
BSGP is fully controlled by Rompetrol Holding, chaired by businessman Dinu Patriciu.

Citeste si:

Calculator Salariu: Află câți bani primești în mână în funcție de salariul brut »

Despre autor

Wall-Street.ro este un cotidian de business fondat în 2005, parte a grupului InternetCorp, unul dintre cei mai mari jucători din industria românească de publishing online.Pe parcursul celor peste 15 ani de prezență pe piața media, ne-am propus să fim o sursă de inspirație pentru mediul de business, dar și un canal de educație pentru pentru celelalte categorii de public interesate de zona economico-financiară.În plus, Wall-Street.ro are o experiență de 10 ani în organizarea de evenimente B2B, timp în care a susținut peste 100 de conferințe pe domenii precum Ecommerce, banking, retail, pharma&sănătate sau imobiliare. Astfel, am reușit să avem o acoperire completă - online și offline - pentru tot ce înseamnă business-ul de calitate.

Redactia Wall-Street »

Te-ar putea interesa și: