AdEvolution’s main shareholer is German

Marketing, Media

A German investment fund, Ballroom International, having as shareholders two former Arbomedia AG managers, become the main shareholder of AdEvolution, with 51% shares.

The shareholders structure is now shareholders are Valeriu Voicu, Gheonea Marius, Mocanu Radu and Ballroom International, represented by Sigl Alexander and Bergner Olaf.

The transaction was confirmed, for, by Val Voicu. He also said the deal was made 2 years ago and the German shareholders are not actively involving in company’s activity.

The investment fund also brought, recently, 51% shares in Midas Media, a company owned by Silviu Ispas, ex managing director of Arbomedia and EMI Romania.