Iaciu formerly owned 29.37% of Impact shares, and he increased his shares to 32.71% following the latest acquisition. He paid 960,000 lei (EUR 216,000) for the package bought on Thursday, Mediafax writes.

Therefore, Iacu reached almost 33% of Impact shares, a level that, when reached, requests the launching of a takeover offer for the shares of the other shareholders. Capital market legislation provides that every investor owning directly or indirectly 33% of a company’s shares have to launch such as takeover offer.

Iaciu has bought over a third of the package of 8.15% Impact shares sold by three pension funds managed by ING. The funds have received 2.3 million lei (EUR 526,000) for the shares.

More than a third of the shares package sold by the pension funds was bought by the businessman Adrian Andrici. He bought 3.11% of Impact shares, for the amount of 892,000 lei (EUR 200,000), increasing its share to 13.8%. Formerly,   Andrici owned 10.69% of the real estate developer shares.

A package of shares representing approx. 1% of Impact shares was bought by the new general manager of the company, Claudiu Lucian Mateescu.  He paid 290,000 lei (EUR 65,000) for the shares.

Iaciu, Andrici and Mateescu have bought the Impact shares through the broker company Swiss Capital, and the shares package sold by the ING funds was transferred through the broker house Raiffeisen Capital&Investment. (source: wall-street.ro)