Ion Gheorghe and Alexandru Haiduc get 40m euros for Bucharest land

The sale of assets and the 6-hectare area of land belonging to Compania Industriala Grivita, in Bucharest, will make Ion Gheorghe and Alexandru Haiduc, the main shareholders of the company, both 20m euros richer. The shareholders in firms placed in strategic areas of Bucharest and those who bought important plots of land within and in the vicinity of the capital city several years ago have created a new social class in Romania, that of land millionaires. Compania Industriala Grivita last week sold to Bluerose Ro Corporation firm the assets and land it owned in Clabucet street in northwestern Bucharest. The properties, located on an over 60,798 square metre area, were acquired for 72.9m euros, with the price per square metre standing at 1,200 euros. The main shareholders in Compania Industriala Grivita are Ion Gheorghe, with a 26.82% stake, and Haiduc Alexandru, who holds a similar number of shares, according to sources on the real estate market. Part of the funds accumulated after the land sale will be used to relocate the plant outside Bucharest.