The three private pension funds managed by the Dutch group NN in Romania have increased their combined holding in local medical services provider MedLife (M) to 15.04%, according to a notification sent to the Bucharest Stock Exchange (BVB).

NN previously held 10.19% of MedLife, according to a similar report from March 2020.

The NN pension funds thus consolidated their position as MedLife's second-biggest shareholder after the company's founders – the Marcu family (Mihail Marcu, Nicolae Marcu, and their mother Mihaela Gabriela Cristescu) who own 41% of the company's shares.

NN's report came two weeks after two large transactions on the Bucharest Stock Exchange through which 2.9% of MedLife's shares changed owners for RON 38.57 mln (EUR 7.8 mln).

MedLife aims to increase its consolidated turnover by 15% this year, to RON 1.24 bln (EUR 252 mln), and its net profit by 27% to RON 81 mln (EUR 16.4 mln). The company has reached a market capitalization of RON 1.45 bln (EUR 294 mln) after its shares have doubled their price in the last 12 months.

andrei@romania-insider.com

(Photo source: the company)