UiPath founder Danies Dines negotiates the purchase of a stake in one of the largest real estate developers in Bucharest, before listing

Daniel Dines, the billionaire founder of the automation software manufacturer UiPath, is negotiating the purchase of a minority stake in real estate developer One United Properties, before the initial public offering planned at the Bucharest Stock Exchange, writes Bloomberg.

With an estimated fortune of about $ 7 billion, according to the Bloomberg Billionaires Index, Dines is negotiating the purchase of 5% of One United, before the company makes its debut on the stock market next month.

Victor Capitanu, general manager and co-founder of One, declined to comment when contacted by Bloomberg. Dines did not immediately answer Bloomberg’s questions.

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One United is preparing for the planned share offer in the first half of June, Razvan Rat, deputy executive director of BRK Financial Group, the IPO’s manager said on Tuesday.

The sale will be made as a capital increase for a 10% stake in the company. The two founders, Capitanu and Andrei Diaconescu, who now control 75% of the company, will eventually retain a stake of about 60%, he said.

One United Properties, a company founded in 2007 by bankers Victor Căpitanu and Andrei Diaconescu, dominates the niche of luxury apartments.

Daniel Dines, the founder of UiPath, reached a fortune of 6 billion dollars, after the company’s listing on the New York Stock Exchange last month.