„SIF Banat-Crișana (SIF1) owns majority of shares for 18 companies operating in the real estate field. Among them, 9 companies are listed in RASDAQ section of Bucharest Stock Exchange (BVB), and 9 of them are not listed“, the cited report shows.
With these assets as social capital SIF IMOBILIARE LIMITED will be established, while SIF Banat-Crișana (SIF1), as sole shareholder „will do all the necessary endeavours to admit in transaction the shares issued by this new company“.
SIF Banat-Crișana (SIF1) is looking to accomplish this way the goals included in the activity program approved by the shareholders this spring.
„For 2013, a major goal is represented by the forming of a centralized administration structure of the companies where SIF Banat-Crișana has major shares. The purpose is to increase the value of the managed assets, of the profitability and of the yield of the invested capital.“, also writes Dragoş Bîlteanu in the report sent to BVB.
From the 268 companies from the SIF1 portfolio, 44 are included in the category „trade-real estate“, with a value of 92.4 million lei, according to the administration report on 2012.
Comalim Arad (MALI) and Arta Culinară Cluj Napoca (ARCU) are the biggest of the 44 companies in the category „trade-real estate“, obtaining most of their revenues from real estate operations such as renting.
The incomes of Comalim Arad (MALI), of 1.55 million lei last year came 97% from rents, while Arta Culinară Cluj Napoca (ARCU) received 7 million lei in 2012, with more than 51% revenues from rents.
MALI and ARCU are among the most valuable 10 assets of SIF1, included in its portfolio with 31 million lei and 28 million lei respectively. SIF1 has over 91% of MALI shares and over 89% of ARCU shares. The representatives of SIF1 have promised that they will name the 18 companies. (source: economica.net)
