Dan Sucu pays ex-wife EUR 40 mln for shares

Mobexpert Group companies through one of his firms for approximately EUR 40 million. Dan Sucu now has 100 percent ownership of Mobexpert and Camelia Sucu keeps 100 percent of Class Mob. The sale of the shares is part of a contract that stipulates the clarification of the situation of the joint assets following the couple's divorce. Camelia Sucu received advice from PricewaterhouseCoopers Romania.
Mobexpert Group registered EUR 155 million in turnover in 2006, while Class Mob's sales are estimated at EUR 5 million. The Mobexpert network has four hypermarkets in Bucharest, one in Brasov and 27 stores countrywide and will open its first furniture hypermarket in Sofia, Bulgaria this year.
Outside Romania, Mobexpert Office has a presence in Sofia and Belgrade. The company also exports to France, Germany and the Netherlands among other countries.

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