Colliers executive boosts stake to 20%

Bogdan Georgescu, Colliers International SRL Bucharest chief executive has increased his stake in the real estate company from 7.5% to 20%, after having bought 1,250 shares from Colliers Management Ltd, Cyprus. Each of the 1,250 shares comes with a par value of 195,588 ROL, making the stake worth nearly 245 million ROL. Bogdan Georgescu became a Colliers International shareholder in June last year, when he bought a 7.5% stake from the two Cypriot shareholders. ZF