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Monday, March 14, 2005

SIF Transilvania buys 2% in Biofarm

The Financial Investment Company (SIF) Transilvania Friday bought 2 percent in the Bucharest-based pharmaceutical producer Biofarm.

The transaction was worth 20 billion ROL (560,000 euros), at a price of 4,000 ROL per share, according to a release the investment company sent to the Bucharest Stock Exchange.

SIF Oltenia and SIF Banat Crisana gave the purchase start six weeks ago when they acquired around 13% in Biofarm for a total deal of 3.5 million euros.

SIF Muntenia has also become a Biofarm shareholder after buying 2% in the company for 640,000 euros.

Posted by Iulia Rasoiu : 3/14/2005 02:17:00 pm