Icevulcan Properties Ltd., a company held by Daniel Dines, the CEO of automation software developer UiPath (PATH.RO), has exercised its option to buy 31.2 million ordinary shares in real estate developer One United Properties (ONE.RO), a report published on the Bucharest Stock Exchange on Monday shows.
UiPath, Romania’s first IT company that has reached Wall Street, in 2020 also became the country’s largest IT company by turnover reported to the Finance Ministry.
Daniel Dines, 49, CEO, co-founder and shareholder of UiPath, is the richest man in Romania, ranking at number 464 on the Forbes list with an estimated net worth of more than $6 billion.