Octavian Badescu leaves Alo Curier

Octavian Badescu has left his as manager of the local courier company Alo Curier, and has decided to sell his shares in the company. “I left my position as a manager because my development outlook did not correspond with the view of the majority shareholder. I don’t intend to continue as a shareholder, either,” said Badescu. Hasanefendioglu Bulent, the majority shareholder, owns 60% in Alo Curier, while Octavian Badescu owns 25% and, according to the National Trade Registry Office, Sefer Ozel holds the remaining 15%. Both Hasanefendioglu and Sefer Ozel have Turkish citizenship. Octavian Badescu has held 25% in Alo Curier for two years, having contributed 41,250 RON (approximately 12,000 euros at the current exchange rate). One share is therefore worth 1,650 RON. After a four-year stint with Alo Curier as manager, Octavian Badulescu said he would focus on the marketing firm, More Results Marketing, where he is a Senior Partner. Badulescu holds a 22% share of the company, and the majority shareholder, Hasanefendioglu Bulent, holds 40%. “We may swap shares, meaning that I would take over the share that Hasanefendioglu has in More Results Marketing and I would give my share in Alo Curier to him. However, in order to do this, the other shareholders need to agree, as well,” added Badescu.