Some 205,000 Shares of Romanian Building Project Developer Reco Trade for 2.4 Mln Lei (565,000 Euro)

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.

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)