The group of shareholders close to Constantin Fraţilă reached a 6.6% stake in Transilvania Investments

The group of shareholders close to former football referee Constantin Fraţilă has reached a 6.6% stake in Transilvania Investments, according to a company report published yesterday on the website of the Bucharest Stock Exchange (BVB).

Thus, on March 11, Mamaia North Investments held 2.78% of the alternative investment fund based in Braşov, while Consulting & Construction Investments held 0.5% of Transi. Alexa Business Investmenst held 0.67%, while Irina Elena Arion (Frăţilă) had 1.02%, Maria Alexandra Cociu (Frăţilă) - 1.03%, Constantin Fraţilă - 0.14% and Mihaela Fraţilă - 0.45 %, according to the BVB report.

The management of Transilvania Investments convened the shareholders, on April 22, with the proposal of granting dividends from last year's results and starting a share buyback program. The proposed dividend is 0.015 lei per share, equivalent to a gross return of 4.7% compared to the Transi share price yesterday at 1:00 p.m., of 0.322 lei. The total amount that the investment fund wants to distribute to the shareholders is 32.4 million lei, according to our calculations.

For last year, the alternative investment fund reported a profit of 232.3 million lei, up 264.5% compared to 2022, the best result obtained in the last five years. According to the company, the recorded results reflect the portfolio efficiency strategy implemented in the last three years for all five main business lines. In the tourism sector, the approach of new business models for the companies in which Transilvania Investments is the majority shareholder, such as Aro Palace and THR Marea Neagră, have led to increased profitability by redefining medium-term plans. This year's focus is the real estate area where, with assets in Braşov and Sibiu, Transilvania Investments works, together with the teams of the companies Independţa, Casa Alba and Mecanica Codlea, to develop new projects.