SIF Oltenia and Muntenia sell Sicomed

SIF Oltenia sold its Sicomed shares during the tender offer put out by the Czechs at Zentiva, collecting more than 58.1 million RON (15.8 million euros). The company sold its over 10% in Sicomed for 1.37 RON/share. “We sold because the offer was good. We did not know what Zentiva”s policy will be like in the future and preferred to exit now rather than wait to see what happens and thus subject ourselves to the risk of a difficult exit from Sicomed. Anyway, the profit we made out of this deal was very hefty,” stated Florin Buzatu, manager and member in the Board of Directors of SIF Oltenia. SIF Oltenia sold its Sicomed stake early this year therefore this profit will show in its 2006 results. The other financial investment company (SIF) Muntenia, which held a significant stake in Sicomed confirmed for ZIARUL FINANCIAR that it had sold its Sicomed shares collecting some 60 million RON (more than 16 million euros) out of this deal. SIF Muntenia had previously sold 1.4% in Sicomed on the Stock Exchange through various transactions on the market in November and had collected a total of 8.2 million RON (over 2.2 million euros) for it. ZF