Ringier Romania acquires remaining shares of Imobiliare.ro and appoints Dan Puica as new CEO

Four years after the majority acquisition of Imobiliare.ro, Ringier Romania has acquired the remaining shares from the three founders Adrian Erimescu, Ciprian Gheran and Radu Andrei. This transaction makes Ringier Romania the sole owner of the leading real estate portal in the country with more than 120.000 property listings and 1.7 million unique visitors per month. In the course of this transaction and following the initial agreement between all parties, Ringier appoints Dan Puica as the new CEO of Imobiliare.ro.

Adrian Erimescu, Co-Founder and CEO of Imobiliare.ro“It’s been an incredible journey to build a super team and the most important real estate marketplace in Romania. We are grateful to all our team members and to Ringier. The finalization of the purchasing agreement is excellent news for the entire Imobiliare.ro team and its customers and clients. It means that the company will be able to further develop its services, drawing upon the international experience, know-how and scope of Ringier Group operations. For our customers and business partners the 100% ownership by Ringier will translate into even higher performance and the certainty of reaching the by far largest group of relevant users interested in houses and apartments. After working together with Ringier side by side for the last four years, I can assure that this is the best possible solution my co-founders and I could have imagined. After 20 years of work at Imobiliare.ro it is now time to hand over Imobiliare.ro to my successor.”

Robin Lingg, Head of Global Marketplaces at Ringier AG: “The founders of Imobiliare.ro together with their great team have built a highly performing digital marketplace with the potential to bring the real estate business in Romania to the next level of digitization. With our additional investment, we accelerate this process and strengthen the company. We will create additional value by leveraging synergies between Imobiliare.ro and our portfolio in digital marketplaces across Europe, Asia and Africa. I would like to thank all three founders for their trust and the great support they have given us in the last years of our strong cooperation. We have met as business partners and will part as friends.”

On 7th of September, Adrian Erimescu will hand over officially to Dan Puica as the new CEO of Imobiliare.ro. Adrian will accompany the handover process over the next months together with the senior management team of Imobiliare.ro.

Dan Puica (37) is an experienced digital executive with a strong track-record in the marketplaces industry. He has successfully managed the recruitment platform bestjobs.eu as CEO and worked as General Manager of OLX Romania Real Estate as well as Group CFO of OLX Romania. Before entering the digital business, Dan worked in the area of Finance for companies like UTI Group and KPMG Romania. He holds a Bachelor of Business Administration of the Academia de Studii Economice din Bucuresti.

Dan Puica: “I am greatly honored and motivated in joining the team of Imobiliare.ro, that  over the last 20 years not only managed to build the best real estate platform in Romania but also contributed to the development of the real estate market in general. I am very much looking forward to building on this legacy and to continue the successful development of Imobiliare.ro as the clear No.1 for digital real estate in Romania. Together with the experienced team and the strong backing of Swiss-based Ringier Group, I will bring even more focus on strengthening the innovative power of Imobiliare.ro while also making sure we continue to properly execute on all the things that made Imobiliare.ro such a great company.”

Ringier AG, Corporate Communications