* A director of SIF Banat Crişana has taken over the position of Chairman of the Board of SAI Muntenia

* Gheorghe Iaciu: "We await to see the results of the changes of the team of SAI Muntenia will have for us"

Gabriel Filimon has resigned yesterday from the position of president of SAI Muntenia Invest, the manager of SIF4 Muntenia, leaving the seat available for SIF Banat Crişana, which recently obtained the approval of the ASF for acquiring the controlling interest in SAI Muntenia.

The position was quickly taken over by Dănuţ Porumb, the head of the Legal Department of SIF1 Banat Crişana, according to the decision of the General Shareholder Meeting of SAI Muntenia made yesterday, which is a sign that these moves aren't accidental, but actually well planned in advance.

Besides, once SIF Banat Crişana has announced its intention to take over the director of SIF4, in February, the conflict that had been going on for almost a year between a group of shareholder and the managers of SAI Muntenia suddenly wound down.

Gheorghe Iaciu, the owner of Doraly and one of the most important shareholders of SIF4, with a stake of 5%, who stood out as one of the most active critics of the management of Gabriel Filimon, expressed his pleasure with the changes which will occur once SIF1 will take over the manager of SIF4.

Dragoş Bîlteanu, the president of SIF Banat Crişana, seems to have succeeded, at least for the moment, to make peace in a war that not even the courts were able to make sense anymore.

Last month, he said that SIF1 Banat Crişana intends to restructure and streamline the activity of SAI Muntenia Invest in cooperation with the current management.

Thus, the fact that the term of Gabriel Filimon as CEO of SAI Muntenia was renewed yesterday does not represent a surprise, but a confirmation of Bîlteanu's statements.

Eve