The investment fund Transilvania Investments announces the completion of the transaction through which the stake held in Turism Felix S.A. increased to 93%. The acquisition of the additional package of shares is part of the fund’s strategy to consolidate its position in the key assets in the portfolio.

The transaction, carried out on March 29, 2023 on the B.S.E. (POFSV market), consisted in the acquisition of 143,752,429 shares issued by Turism Felix S.A., representing 29.2663% of the share capital. The transaction value amounts to RON 44,563,252.99. Following this acquisition, Transilvania Investments’s stake in Turism Felix increased from 63.7654% of the share capital, to 93.0317%.

"We confirm our confidence in the potential of this company which has proven in recent years resilience and desire for development, a fresh vision and appetite for new investments. This transaction allows us to take to a new level the strategy we have developed for all the assets that the fund holds in the hospitality sector, assuring our shareholders that we are acting to maximize the returns achieved." says Radu Roșca, executive president of Transilvania Investments.

Turism Felix operates five hotels in the Băile Felix resort, namely Hotel International 4*, Hotel Termal 3*, Hotel Nufarul 3*, Hotel Poienita 3* and Hotel Mures 2*, as well as the Apollo-Felix swimming pool. Lotus Therm Spa & Luxury Resort 5*, designated in 2022 as the best aquapark in Romania, is also part of the Turism Felix and Transilvania Investments portfolios.

The largest investment in recent years, namely the modernization of the Venus swimming pool in the Băile 1 Mai resort, is scheduled to be completed in July this year, the budget allocated for its renovation amounting to over RON 40 million.

Brașov, March 30, 2023