Winding up procedures started last week and will last for about two months. Radu said he had made the decision because the business did not generate sufficient income to support a professional management. The company's turnover was more than EUR 1 million last year.
The businessman announced his intention to close down or sell off some of his businesses earlier this year. Another business he closed was a distributor of fruit and vegetables, while he sold the prepay and electronic recharge company Pay Store to the English company PayPoint for more than EUR 15 million.
Other companies that Radu has put up for sale are the logistics and transportation company TCE, the software producer Sistec SBSol and more important divisions of the RTC Group, such as the book and stationary chain Diverta.