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BUCHAREST (Romania), October 15 (SeeNews) - Romania's SIF Moldova [BSE:SIF2] said on Tuesday that it has sold a 19.55% stake in car parts manufacturer SPIT Bucovina [BSE:SPTU] for 1.185 million lei ($274,000/249,000 euro).
The sale is part of SIF Moldova's strategy to divest assets from its historical portfolio which have exhausted their growth potential, the company said in a filing to the Bucharest Stock Exchange.
The transaction involving 1,162,275 shares, was serviced by SIF Moldova's unit Asset Invest.
As at 14:45 CET on Tuesday, SIF Moldova shares traded 1.43% lower at 1.375 lei on the Bucharest Stock Exchange.
By the same hour, SPIT Bucovina shares traded at 2.80 lei, nearly triple their last closing price of 1.02 lei.
(1 euro = 4.7545 euro)