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Seaside resorts shares sold for 6 MN euros

Miercuri, 18 iulie 2007, 0:00

The Transilvania Financial Investments Society (SIF) sold on Wednesday 5.6% of the stock held at the THR Marea Neagra company (The Black Sea Tourism - Hotels - Restaurants Company), for a total of 18.67 million lei, some 6 million euros, a Bucharest Stock Exchange release informs.
SIF Transilvania still holds 77.4% of the stock at THR Marea Neagra.

The 10.79 million titles were sold at 1.39 lei per title, significantly higher than the similar transaction in June, when 1.39% of the social capital was sold at 1.28 lei per share.

The business figure of the company decreased in 2007 22.89%, while the losses grew 68.34%. The profit estimated for this year may decrease 18.28%, down to 4.79 million lei (roughly 1.5 million euros).

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