Alternative investment fund Lion Capital (stock symbol: LION) acquired a package of 83.35 million shares in Grand Hotel Bucharest (RCHI) on July 31, representing 10% of the share capital of the company that manages the former Intercontinental Hotel in capital city Bucharest.
Transilvania Investments Alliance (stock symbol: TRANSI), one of the five financial investment companies at the Bucharest Stock Exchange, with assets worth over RON2 billion, has announced in a stock market report on August 9 that Marius-Adrian Moldovan has officially taken over the role of Executive President along with the approval of the Financial Supervisory Authority (ASF) of Aug 9.