IMPACT Developer & Contractor integrates into its group the company RCTI, its main construction partner

IMPACT Developer & Contractor, the first real estate developer established in Romania and the first real estate company listed on the Bucharest Stock Exchange (BVB), acquires the majority stake of RCTI Company.

IMPACT Developer & Contractor has reached an agreement with RCTI to take over 51% of the company’s shares. Following the transaction, RCTI will be better capitalized in order to adapt to the growing volume of construction works in partnership with IMPACT Developer & Contractor. Completion of the transaction is subject to the approval of the Competition Council.

“The takeover of RCTI’s majority shareholding aims to increase the company’s specialization and focus on impact projects. Our main objective is to increase construction capacity by better controlling the quality of work and execution times, but also by centralizing purchases at group level for cost control, in order to achieve the objectives set out in the development strategy for 2022 – 2027. RCTI is a company with exceptional human potential, with a healthy organizational culture, a vital basis to achieve its great growth potential, and the integration with IMPACT creates these premises. In the next period, we will focus on the optimization of processes and the harmonization of the organization, so that the entry of the RCTI company into the large family of the IMPACT group brings additional advantages to our customers while improving the business profitability, said IMPACT developer and entrepreneur CEO Constantin Sebesanu.

The RCTI company is an important player in the construction market in Romania, with the company registering in 2021 a turnover of approximately 95.3 million lei and a profit of more than 3 million lei.

Currently, IMPACT Developer & Contractor and the company RCTI have ongoing general contracting contracts of more than 50 million euros, for the construction of buildings in the Greenfield Băneasa complex, located north of Bucharest.

IMPACT Developer & Contractor is one of the largest Romanian property developers, with a market presence of over 30 years. The group’s portfolio includes companies that develop large residential projects in the main cities of the country and that offer integrated services to their clients: property management and facilities services, loan brokerage, interior design, rental services and sale of real estate.

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