July 15, 2022, 8:08AM GMT+0200
Amelia Turp News
Impact Developer & Contractor took over 51% of the shares of RCTI Company, a player on the construction market in Romania. At the end of the transaction, RCTI Company would be better capitalized to be able to adapt to the increase in the volume of construction works in partnership with IMPACT Developer & Contractor. Completion of the transaction is subject to the approval of the Competition Council.
“Our main objective is to increase construction capacity through better control over the quality of works and execution deadlines, but also through the centralization of purchases at group level for cost control, so as to reach the targets set out in the development strategy for the period 2022 – 2027”, said Constantin Sebeșanu, CEO of Impact Developer & Contractor.
Last year, RCTI Company recorded a turnover of approximately 95.3 million lei and a profit of over 3 million lei.
Currently, Impact Developer & Contractor has general contracting contracts of over 50 million euros in progress with RCTI Company, for the construction of buildings in the Greenfield Băneasa complex, located in the north of the Capital.