Businessman Dan Adamescu sold a 3.39% stake in the Unirea Shopping Center downtown Bucharest to his stepson, Rani Palade, in a transaction worth EUR 500,000.

The price per share was EUR 4.62, 67% below the value of a share in the most recent transactions of the company. The Adamescu family owns a 74% stake in the Unirea Shopping Center, through a company called The Nova Group Investments Romania.

Other shareholders include SIF Muntenia company, with a 10% stake, and other investors in the stock exchange with a 16% stake.

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