Horia Ciorcila no longer interested in real estate market - Azi

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Horia Ciorcila, the chairman of Banca Transilvania and one of the shareholders of Cluj-based refrigerating equipment manufacturer Tehnofrig, has decided together with the other shareholders of the company to sell a 11 hectare plot of land that belongs to the factory, to reduce exposure to the real estate market.

"We have no intention of developing large real estate projects and both I and the other partners want to direct our attention to other fields. I am no longer interested in the real...

Read the whole story in: Ziarul Financiar