BUCHAREST (Romania), December 15 (SeeNews) – A total of 205,000 shares of Romanian building projects developer Reco changed hands for a combined 2.4 million lei ($821,000/565,000 euro) in three transactions on the over-the-counter market RASDAQ on Tuesday, bourse data showed.
The number of shares corresponds to a stake of 19.85% in the company. They changed hands at an average price of 11.5 lei per share, RASDAQ data showed. The company’s stock last traded on September 2, when it closed at 3.06 lei per share.
You can subscribe to our M&A newsletter here
The buyers and the sellers were not immediately identified.
Denley A.M. Europe INC. Tortola VGB was the largest shareholder in Reco holding a 33.2% stake at end-June, data from Romania's Central Depository showed. Multi Sistem Industry held 18.4% of Reco and smaller shareholders owned the balance.
(1 euro = 4.2507 Romanian lei)