Sinaia
Learn the story of how Wolf is gearing up to acquire the company that operates the integrated transport system in Sinaia, Romania's royal ski resort. King Carol I was so impressed with the area, he decided to build a castle here, which features in almost every postcard with Romania. Sinaia undoubtedly is a staple of stunning beauty for the Carpathian Mountains
Date
2025 - ONGOING
SINAIA INSTALLATIONS - REVENUE SOURCES
- Revenue source #1: Rights to one of the most popular cable lines in the country
- Revenue source #2: all parking spaces & concessions in Sinaia, operates several cottages & sport facilities
- Estimated asset value --- 80 million Euros
SINAIA - ROUTES
A MOUNTAIN OF DEBT
- These assets are not operated in the best interest of the local community
- Many of the assets have been offered as collateral for loans
- But the loans were never repaid
- The total debt has reached 3 million Euros
WOLF INITIATES TAKE OVER
- Wolf Hedge Fund starts procedures to purchase part of the debt from creditors with voting rights
- We aim to become the majority shareholder in the company
- Initial payment = 1 Million Euros
- More to come once additional investment is attracted
