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Dec 19, 2007 15:36 EEST
December 19 (SeeNews) - SIF 3 Transilvania, one of Romania's five regional investment funds, said on Wednesday it sold its 39.62% stake in Oltenia Estival 2002 hotel for 3.1 million lei ($1.3 million/875,300 euro).
SIF 3 Transilvania said in a statement it sold the 1,712,031 shares it held in Oltenia Estival 2002 at 1.83 lei per share.
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Oltenia Estival 2002 stock ended 471.88% higher at 1.83 lei per share on Wednesday on the over-the-counter market RASDAQ.
SIF 3 Transilvania doubled its nine-month net profit to 104.24 million lei. Its shares lost 0.41% to close at 2.43 lei on the Bucharest Stock Exchange on Wednesday.
(1 euro = 3.5415 Romanian lei)
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