SIF Muntenia has got money to spend

SIF Muntenia has been selling out its stakes in several companies since the beginning of the year, with the money it received from restructuring its portfolio to be used largely to purchase shares in new companies, which are to be listed on the Stock Exchange, corporate sources say. Since the beginning of this year, SIF Muntenia has conducted sale transactions worth over 35 million euros. The last transaction took place no later than last Friday. Through it, the financial investment company (SIF) liquidated the 15.1% stake it owned in Legume Fructe (Fruit & Vegetables) Militari in Bucharest. This company owns retail spaces in several locations, with most of its turnover for the first six months of last year resulting from renting. This year, SIF Muntenia also sold its shares in Sicomed, the Comaico greenhouse company, its shares in Biofarm, as well as those owned in Bega Utilaje Constructii (Bega Constructions Equipment). The company had already received 16 million euros from selling its stake in Sicomed, said the same sources. ZF