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The majority shareholoder in Vae Apcarom, Austrian company VAE Aktiengesellschaft, increased its stake in the Buzau-based company at the beginning of this week, following a 4,27 Million RON transaction, according to brokerage house Prime Transaction, quoted by NewsIn. VAE Aktiengesellschaft acquired a stake of 6,575 million shares at the price of 0,65 RON/share. Thus, the Austrian company increased its stake in the company from 77,4% to 86,31%.
Vae Apcarom reported a net profit of 2,017 million RON (557.182 EUR) for 2006, less than half of the 4,78 million RON profit earned in 2005. At the end of last year, the company posted 54,68 million RON (15.06 million EUR) in turnover, up 6,2% from 2005, when Vae Apcarom reported a turnover of 51.45 million RON.
Vae Apcarom shares are listed on Tier I of the Bucharest Stock Exchange, as of June 20th 1997. The majority shareholder is VAE Aktiengesellschaft, holding 77,4% in the company. Another significant shareholder is Luxembourg-based Hyposwiss Lux Fund-Danube Tiger, according to data published by BVB. Railway equipment manufacturer VAE Apcarom Buzau was founded in 1973 as IPICCF. In 1998, the company was taken over by VAE AG.
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