Found 19522 news
Innova Capital, a major financial investor in CEE, has made three acquisitions and an exit on the local market in the past two years.
Focsani-based textile manufacturer Pandora Prod, owned by the Simiz family, posted RON292.2 million (more than EUR59 million) revenue in 2023, up almost 35% from the previous year’s RON216.6 million (about EUR44 million), according to ZF calculations based on Finance Ministry data.
Turism Felix (TUFE.RO), a company that runs five hotels in Baile Felix resort in Bihor County, announced the Financial Supervisory Authority had approved the tender offer launched by Transilvania Investments Alliance (TRANSI.RO), its majority shareholder, which owns 93% in it.
Law firm RTPR assisted Swedish investment company Oresa and entrepreneur Cristian Amza in the sale of La Fantana Group, which has subsidiaries in Romania and Serbia to strategic investor Axel Johnson.
Romania's Finance Ministry raised RON500 million from banks on Monday (Nov 4), selling government paper at an annual average yield of 6.04%.
New registrations of road vehicles for passenger transport increased by 4.7% in the third quarter of 2024 compared to the third quarter of 2023, data from the country’s statistics institute INS show on Monday (Nov 4, 2024).
UniCredit S.p.A. (“UniCredit”) and Alpha Services and Holdings S.A. (“Alpha”) announce that after securing all the necessary approvals from the relevant authorities and completing the due diligence process, UniCredit has bought from Alpha International Holdings S.M.S.A., a wholly owned subsidiary of Alpha, a stake of 90.1% in Alpha Bank Romania S.A. (“Alpha Bank Romania”) for a price made up of 9.9% of UniCredit Bank S.A.’s (“UniCredit Bank Romania”) share capital and about EUR255 million in cash.
eMAG Group, one of the largest retailers in the region, is starting the 2024 Black Friday sales campaign on November 8 and expects to exceed RON800 million in sales, eMAG representatives told a press conference organized by the company.
Masterbuild General Contractor & Developer has completed the works on Pitesti Shopping Park, developed by Square 7 Properties in partnership with Belgian investment fund Mitiska REIM.
Romania's Hidroelectrica and Norway's SINTEF will access EUR214,459 financing through a mechanism of grants provided by Iceland, Liechtenstein and Norway with a view to carrying out a project aimed at developing the knowledge and skills of their own specialists in implementing modern solutions for optimizing the operation of hydropower plants.
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, announces the signing of an agreement for the acquisition of a majority stake in the company Garanta Asigurari whose main shareholder is The Ethniki, Hellenic General Insurance Company.
Garanti BBVA and the European Investment Fund (EIF) have signed an agreement to provide guarantees of minimum EUR30 million to enhance competitiveness and sustainability of Romanian companies.
PwC Romania has announced Ruxandra Tarlescu took over the leadership of PwC Romania’s Tax and Legal Department from Daniel Anghel, starting November 1, 2024.
Ford RMB Inter Auto dealer of Cluj last month delivered a fleet of 13 Ford Explorer electric vehicles to Eco Garden Construct. With a listing price of EUR39,500 via Rabla Plus scheme, the fleet has a market value of around half a million euros.
Meta Estate Trust, a holding company operating in the real estate field, has acquired a land plot near Bucharest’s Victory Square where it wants to develop a clinic-type office building for leasing by a private healthcare player.
Romania's foreign exchange reserves shrank by EUR2.93 billion to EUR62.8 billion in October 2024, from EUR65.77 billion at the end of September, Romania’s central bank announced on Friday (November 1, 2024).
Fast-food restaurant chain Hesburger has opened a new restaurant in the Baneasa Shopping Mall in Bucharest, following an investment of EUR0.5 million.
New car registrations in Romania increased by 1.4% to 11,552 units in October 2024 compared with October 2023, Romanian carmakers’ association ACAROM data show.
Appraisal & Valuation (APP.RO), a company that provides real estate appraisal, consulting and development services, posted RON5.1 million revenue in January-September 2024, up 27% from the year-ago period.
Axel Johson Inc (AJI), a US company held by Swedish Johnson family, on Friday announced the acquisition of La Fantana S.R.L., one of the main suppliers on the market of water solutions in Central and Eastern Europe, from investment company Oresa Ventures and founder Cristian Amza.19522 items