Some 137,500 Shares in Romanian Industrial Tools Maker Scudas Trade for 1.4 Mln Lei (381,000 Euro)

The number of shares corresponds to a stake of 20% in the company. The shares were traded at an average price of 10.5 lei per share, 61.5% up from their previous trading on Tuesday, RASDAQ data showed.

The bourse did not identify immediately the parties to the transactions.

Data from the Central Depository showed that as of June 30, Romania’s privatization agency AVAS owned 69.98% of Scudas (www.scudas.ro), SIF 2 Moldova, one of Romania's five geographically-defined investment funds, held a stake of 19.96% and smaller investors owned the remainder.

(1 euro = 3.6737 Romanian lei)