Hiposwiss buys into Vae Apcarom

Investment fund Danube Tiger managed by Swiss company Hyposwiss was reported as having 9.01% in railway equipment maker VAE Apcarom Buzau. Apcarom’s shares were the object of several important transactions at the end of last year, as the main minority shareholder of the company at the time was Broadhurst investment fund. Before those trades took place, Broadhurst was registered as owning 6.1% in Apcarom. Hyposwiss has become one of the top portfolio investors on the Romanian market over the last few years, with its representatives even stating last year that Romania’s capital market was providing the best opportunities in the region; at the same time they were counting on investments to pick up once Romania joined the EU. Hyposwiss also owns significant stakes in Compa Sibiu, Uzinexport and Santierul Naval Orsova (Orsova Shipyard). Apcarom is currently controlled by Austrian VAE Aktiengesellschaft Group, which owns 77.4% in it. ZF