Daniel Guzu sold his last remaining stake - 15% in Fabryo to Swedish investment fund Oresa Ventures at the end of last year. This amounts to a 20 million-euro exit from this business for Guzu, who set up varnish and paint producer Guzu Chim (currently Fabryo Corporation) in 1994. The businessman sold his 15% stake in exchange for the 49% stake held by Oresa in metal profile producer Bau Profil, where the businessman held the majority 51% stake. "I decided at the end of last year to sell the remaining 15% stake, given the current troubled economic environment, so we can better manage the business whose sole shareholders we are. Given the decline of the constructions market, we can make decisions much faster, and I will be able to focus on the Bau Profil business," Daniel Guzu, which puts the exit from the Fabryo business at around 20 million euros. Oresa Ventures became a Fabryo shareholder in 2006 by taking over a 49% stake, in a deal put at around 9 million euros. Later, in the spring of 2008, the Guzu family sold another 36% stake for around 12 million euros.
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