Romania's SIF Moldova sells 19.55% of car parts maker SPIT Bucovina

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)