Dumitru Tudor, one of the biggest investors on the BucharestStock Exchange, has invested 12 million RON to take over themajority interest in Vidraru Curtea de Argeş (VIRU), which operatesin the real estate sector, this year, and to double the stake inelectrical equipment manufacturer Electroargeş (ELGS).
He expects the economy to rebound next year, and seeks to get asgood a position as possible to ride the new growth wave.
"This trend that seems to be forming on the Stock Exchange may bethat signal that comes out before the economy recovers. Anotherpositive signal is the growth in the industry orders, as seen inthe increase in the orders of Electroargeş," says Dumitru Tudor,who has tens of millions of RON invested on the StockExchange.
Tudor paid more than 10.4 million RON this year to buy thecontrolling interests in Vidraru Curtea de Argeş from SIF Olteniaand other investors. He plans to revitalise the business of thecompany and make it more profitable.
As for Electroargeş, the businessman bought a stake in it becausehe knew the company very well and is now its second largestshareholder.
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