11 Martie 2009
Patriciu ejects Fabian investment fund from AIM trading arena
Black Sea Global Properties (BSGP), led by Dinu Patriciu tycoon via Rompetrol Holding SA, who acquired the majority 90% stake in Romanian investment fund Fabian Romania, said it would remove the investment fund from the trading arena of London Stock Exchange next month.
BSGP said it planned to increase participation in Fabian to 100%, following to acquire the remaining stake in the coming weeks. As majority shareholder, the company has requested today the removal of Fabian Romania fund from trading in Alternative Investment Market, administrated by London Stock Exchange, as of April 8.
After BSGP 25% stake buyout in early November last year in Fabian Romania, the company said late December it submitted a 37.8-mln euro bid for the full acquisition of the investment fund, Fabian Romania being evaluated at roughly 50.8 mln euros.
At the end of 2006, Fabian drew nearly 40 mln euros with the listing at LSE.