What are Dumitru Tudor's plans for his latest investments?
Dumitru Tudor, one of the biggest investors on the Bucharest
Stock Exchange, has invested 12 million RON to take over the
majority interest in Vidraru Curtea de Argeş (VIRU), which operates
in the real estate sector, this year, and to double the stake in
electrical equipment manufacturer Electroargeş (ELGS).
He expects the economy to rebound next year, and seeks to get as
good a position as possible to ride the new growth wave.
"This trend that seems to be forming on the Stock Exchange may be
that signal that comes out before the economy recovers. Another
positive signal is the growth in the industry orders, as seen in
the increase in the orders of Electroargeş," says Dumitru Tudor,
who has tens of millions of RON invested on the Stock
Exchange.
Tudor paid more than 10.4 million RON this year to buy the
controlling interests in Vidraru Curtea de Argeş from SIF Oltenia
and other investors. He plans to revitalise the business of the
company and make it more profitable.
As for Electroargeş, the businessman bought a stake in it because
he knew the company very well and is now its second largest
shareholder.