Bogdan Tudorache

SIF Banat Crișana completed last week the acquisition of the package of shares representing 99.92% of the share capital of DOOSAN IMGB, the fund announced.

“Following the issuance by the Competition Council of the non-objection decision regarding the economic concertation operation carried out by the acquisition by SIF Banat-Crișana of DOOSAN IMGB SA, the transaction for the company’s control package was completed by paying the full price and making the transfer ownership of shares in the Central Depository. The Doosan IMGB company owns 540,000 square meters of urban land, located in the south of the Capital,” say the representatives of the investment fund.

“The agreement places SIF Banat Crișana on the first positions in the top of the largest holders of built-up urban areas in the Capital, completing our extensive portfolio of investments and real estate holdings, direct or indirect. Despite the relatively unstable financial context, marked by uncertainty and high volatility, SIF Banat Crișana continues to restructure its holdings and optimize its investments, aiming at investments with prospects, in areas whose evolution will certainly be positive… I must thank the entire team that assisted us in this process: our Crosspoint Real Estate collaborators, Biris Goran SPARL, but especially I must thank the Doosan Heavy Industry & Construction partners, with whom it was a pleasure to partner,” said Bogdan Drăgoi, general manager and chairman of the Board of Directors, SIF Banat Crișana.

On the former IMGB platform, of about 80 ha, there are also other companies, such as Walter Tosto, General Turbo and Petrolam, which are not affected by the transaction.