Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

SIF Transilvania to buy a foreign company

SIF Transilvania, one of the most profitable financial investment companies, seeks to acquire a majority stake in a foreign company which it subsequently plans to sell at a higher price. The proposal will be presented to shareholders as a company strategy for the coming four years.

SIF Transilvania can afford a transaction worth over 50 million euros, company representatives say. Mihai Fercala, President of SIF Transilvania, stressed that if the shareholders approve the strategy, the company could proceed with an acquisition next year, the Business Standard daily reports on Monday. Gross profit of SIF Transilvania in 2007 was 32.8 million euros, up 84 percent year-on-year, placing it second among most profitable SIFs. It had top net assets, worth 827 million euros. SIF Transilvania representatives explained that they are interested in any area, and that they will use money obtained by the end of 2008 for the acquisition. 'What is important is that we find a company that has good prospects and which is for sale,' added Fercala. Financial investment companies invested mostly in the Bucharest Stock Exchange listed companies. Sursa: http://www.rompress.ro

Tags: company transilvania sif

Articole similare