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One of Patriciu's lieutenants buys 40% in Bucharest's most expensive restaurant

One of Patriciu's lieutenants buys 40% in Bucharest's most expensive restaurant
27.05.2010, 20:52 24

Dorin Gherman, former Rompetrol CEO, has bought around 40% inHeritage, the most expensive restaurant in Bucharest, which isalready 51% controlled by Dinu Patriciu.

Sources close to the transaction say Gherman made an offer toall 22 shareholders, but only 20 agreed to sell, at a price lessthan half the initial investment, which stood at one million eurosupon the restaurant's opening. According to the cited sources, DinuPatriciu was allegedly behind the transaction.

The businessman paid 500,000 euros at the beginning of 2008 fora 30% stake in Heritage, making him its majority shareholder.Patriciu's entry into the shareholder structure of the luxuryrestaurant occurred via a capital increase. The former Rompetrolowner subsequently boosted his stake to 51%.

Heritage's shareholders included Robert Rekkers, CEO of BancaTransilvania, Anca Ioan, CEO of Tiriac Holdings, Rasvan Radu,executive president of UniCredit Tiriac Bank, and Dan Pascariu,chairman of the BD of UniCredit Tiriac Bank. "Heritage" is alsoknown as "bankers' restaurant" because of the large number of bankpresidents and vice-presidents among its shareholders.

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