SIF Transilvania gains 57m euros from Felix's listing

The listing on the Stock Exchange of Turism Felix, which holds the bulk of hospitality-related assets in Baile Felix, brought the company’s majority shareholder, SIF Transilvania, theoretical gains of almost 60 million euros, caused by an appreciation of the shares following the listing on the Stock Exchange. The shares of Turism Felix had been previously traded on the RASDAQ market. SIF Transilvania (Financial Investment Company Transilvania) is the main shareholder of Turism Felix, with a 63% share. According to the closing price of Turism Felix’s shares on Tuesday, the company is currently valued at about 144 million euros, with SIF’s stake being worth over 90 million euros. Turism Felix has therefore become one of this SIF’s main possessions, whose market capitalisation stands at around 510 million euros. SIF also holds significant stakes in other tourism companies, as well as stakes in the BCR and the BRD. The listing on the Stock Exchange of companies, even those coming from the RASDAQ market, has helped this companies increase in value, due to their visibility to investors and the liquidity of their shares.