The lawsuit filed by Cocor Bucuresti and one of Cocor’s minority shareholders against SIF Transilvania (SIF3) could be settled out of court through an exchange of shares held by the two companies. According to Business Standard daily, Cocor Bucuresti could give away a 41.4% stake in Euxin Constanta (EUXI) worth approximately € 2.2m in exchange for SIF Transilvania’s 10.2% stake in Cocor Bucuresti, which is worth approximately € 2.6m. The lawsuit filed by Cocor Bucuresti disputed the share capital increase at SIF Transilvania. Our view:The possible conclusion of the dispute between SIF3 and Cocor Bucuresti is positive although the idea of a share swap program had previously been put forward with no agreement being reached. We expect a neutral market reaction to the news.