SIF Muntenia announced it had subscribed 23.2bn ROL (0.6 million euros) during the capital increase of the Navol Oltenita shipyard. The subscription price of the shipyard shares was 2,100 ROL, the same as the par value. Navol gained 8% on the Stock Exchange at the end of last week, reaching 930 ROL/share. The financial investment company (SIF) could buy the entire stake left unsubscribed, after the subscription period ends. SIF Muntenia owned 16.6% in Navol prior to the increase, with the yard controlled by one individual, Ioan Alexandru, with a 50.7% stake. ZF
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SIF Muntenia invests in Navol
SIF Muntenia announced it had subscribed 23.2bn ROL (0.6 million euros) during the capital increase of the Navol Oltenita shipyard. The subscription price of the shipyard shares was 2,100 ROL, the same as the par value. Navol gained 8% on the Stock Exchange at the end of last week, reaching 930 ROL/share