Founders sell 1.7% stake in Romanian medical services group MedLife

The Romanian Marcu family, who control the biggest private medical services provider on the local market – MedLife, sold a 1.75% stake in the company this week for EUR 2.8 million. The transactions took place on the Bucharest Stock Exchange at a price of RON 34 per share, slightly higher than the current market price. Mihai Marcu, the company’s CEO, sold 100,000 shares, for EUR 731,000. His brother, Nicolae Marcu, who is also an executive director, sold another 100,000 shares, while their mother, Mihaela Cristescu, sold 189,000 shares, for EUR 1.38 million. Before these transactions, the Marcu family owned 47.25% of MedLife. The company increased its turnover by 24% last year, to EUR 136 million, and posted a net profit of EUR 1.9 million. It is currently valued at EUR 157 million. editor@romania-insider.com