The market value of the construction supplies manufacturer Prefab Bucuresti controlled by Marian Petre Milut has increased by 3.5 times, to almost 80 million euros. In the last week alone, Prefab's capitalisation has increased by around 27 million euros, considering the share price increased by around 50% on the RASDAQ.
Prefab Bucuresti is 75% held by Romerica International SRL, where Milut owns 80%. The other partner in the Romerica International venture is Andrei Stieber, a Romanian-born doctor from Atlanta, who owns the remaining 20%.
Marian Petre Milut is one of the richest shareholders of companies on the RASDAQ, with the value of the stake he indirectly owns in Prefab revolving around 48 million euros.
Other than Romerica International, Milut also controls Romerica Computers and Romerica Environmental, V.P. Tarcomi consultancy and second league Prefab Modelu football team. He also owns a radio station and a local newspaper in Calarasi.
Milut (51) entered the limelight when he ran for President in 2004 for Popular Action (AP), the party founded by former President Emil Constantinescu. He then enrolled in the PNTCD (National Christian Democrat Peasant Party), where he was first a vice president and was then elected as party leader at the beginning of this year.
Milut is the first PNTCD leader who differs from his predecessors, Maniu, Mihalache and Coposu, all of whom were seen as austere individuals.
He graduated from the Faculty of Automation and Computer Science in Craiova and worked for IIRUC between 1983 and 1993, where he implemented the introduction of the national computer equipment servicing system. From 1991 through to 1993, Milut was general manager of Metar International, a Romanian-American joint venture that managed the implementation of IT at the Romanian Treasury.
In 1993, he established Romerica Internatio
