"The reorganization process considers the separation of the construction activity from the real estate development activity. Therefore, two different companies will result, with separate ranges of activity, In the reorganization period the ongoing contracts will continue, respecting the commitments ", the company’s press release shows.

The sentence of the Commercial Court in Mureş was given the 31st of January, naming RVA Mureş Insolvency Specialists SPRL as judicial administrator.

Founded in 1991, the company started its activity with small construction projects and ended in specializing in complex construction projects, such as industrial, commercial and civil. Starting 2000, important real estate projects were developed in Timişoara, Iaşi, Braşov, Făgăraş, Bucureşti , Sighişoara and Tîrgu-Mureş.

Remus Benţa, 39, is listed in Forbes 500 billionaires top on 79th place, with a wealth estimated to EUR 50 million and several businesses in different ranges of activity.

Contranscom Benţa had in 2012 a turnover of EUR 9.4 million and a net loss of EUR 2.35 million. The company had 403 employees in the end of 2012 (source: economica.net)