Dutch investment fund Middle Europe Investments (MEI), the main minority shareholder (holding a 6% stake) of Rompetrol Well Services, is set to invest 2.2 million euros on the luxury cars market. Dutch-based MEI, which manages investment fund Roemenie en Bulgarije Fonds (MEI-RBF), with investments worth around 100 million euros on the Bucharest stock market, has started a partnership with Paul Zamfirescu, a former Honda dealer on the Romanian market, and has created the Prestige Cars company in May, which specialises in importing luxury cars. "The bulk of the investment,1.7 million euros, will be used for building a multi-brand luxury-car dealership, which will include a showroom, a servicing centre and a department for customising cars", Peter Mars, manager at Middle Europe Investments, holder of an 80% stake in Prestige cars, told ZF. MEI forecasts it will sell between 150 and 200 luxury cars each year, with an estimated annual growth of 15%. "Prestige Cars will sell both luxury and premium-luxury cars such as Rolls Royce and Aston Martin, but they will be sold exclusively on a custom-made basis," added Paul Zamfirescu, chief executive of Prestige Cars. According to the MEI manager, the company will also import models designed for the US market, such as the Nissan Infiniti, the Honda Acura, Cadillac, Lincoln and Ford Mustang.
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