Dumitru Tudor, one of the biggest local investors on the StockExchange, sold 2.7% in drug manufacturer Biofarm Bucuresti (BIO) toSIF Oltenia, collecting 1.67 million euros.
"I sold out of a need to make another investment. I preferred toa transaction for the entire stake in order not to affect the shareprice. My decision has nothing to do with the company's situation.I continue to have interests in Biofarm, and the results reportedare good and are following an upward trend, but, like any investorwith several options available, I am seeking to take advantage ofthese opportunities," Dumitru Tudor told ZF, without giving anyspecifics.
He became known on the Stock Exchange at the beginning of 2006,when he was reported with an around 11% stake in Biofarm. He latersold stakes in Biofarm, diversifying his Stock Exchange placementsby investing in the five SIFs (Financial Investment Companies).
"My specialisation (as a chemical engineer) prompted me toinvest in Biofarm, and I am happy with the profits this stock hasbrought me so far," he adds.
With a portfolio of over 10 million euros on the Stock Exchange,Dumitru Tudor says that over the past year he was even able to makehigher profits than the market average. The BET index (of the 10most liquid shares on the Stock Exchange) rose by 150% during thistime, but Biofarm shares gained 200% over the same period, whileSIF Oltenia and SIF Moldova, where he holds almost 1%, climbed byover 240%.
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