Globalworth Investors, Brosh Funds Management, Patron Capital and Lone Star have reportedly moved into the second round of negotiations to take over AFI Group, according to numerous Romanian media outlets, citing the Israeli financial daily Globes. Epstein Capital is said to be overseeing the sales process. Israeli investor Lev Leviev controls a 48-percent stake AFI Investments, the mother company of AFI Europe, whose Romanian property portfolio was estimated at €800m last year. The company operates AFI Palace Cotroceni, the biggest shopping mall on the Romanian market, as well as AFI Ploiesti. AFI Brasov is currently under construction. AFI also has five office projects in Bucharest it has put on the market.
