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Romania's Ministry of Finance has attracted over RON1.5 billion and almost EUR387 million (values totaling over RON3.46 billion – EUR697.2 million), through the fifth primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.
Law firm Filip & Company has assisted investment fund AGISTA, part of Impetum Group, in the signing of the contracts for the sale of its entire ownership stake in Dendrio Solutions to Bittnet Systems S.A., and the acquisition of a new stake in cybersecurity company Fort S.A., listed in the AeRO market of the Bucharest Stock Exchange.
PepsiCo, a major player in the field of snacks and soft drinks, has appointed Razvan Lungu as CFO for the East Balkans region.
British software services company Endava has renewed the leasing contract for office space in UBC building, part of Iulius Mall Cluj development, for another five years.
The stock of industrial and logistics spaces in Romania is likely to overshoot 8 million square meters at end-2025, should the annual 500,000-sqm expansion pace maintain, is the conclusion of the latest Romania Industrial & Logistics Market report drawn up by real estate consultancy Cushman & Wakefield Echinox.
A multidisciplinary team made up of Reff & Asociatii lawyers and Deloitte Romania financial and fiscal consultants have assisted investment fund SARMIS Capital in taking over the majority stake in paper producer MG-Tec Industry.
The Romanian banking system is undergoing a favorable period from the perspective of the main financial and prudential indicators, as it continues to boast solvency, profitability and balance sheet structure indicators that are better than the European average and that are also positioned within the best prudential intervals set by the European Banking Authority.
Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has notified the Bucharest Stock Exchange of the implementation of a new organizational structure by removing some positions.
Speedwell, one of the most active real estate developers in Romania, has started construction works for the third, and last building of the Triama Residence project, the company said in a statement. The budget allocated to the development amounts to EUR9 million.
ROCA Industry, the industrial holding for construction materials majority-owned by private equity firm ROCA Investments, has announced in a press statement on Oct 16 the full acquisition of Workshop Doors through the purchase of an additional 30% stake in the company's share capital.
Alfa Group, held by entrepreneur Alin Niculae, is launching the second phase of residential project Cloud9 Residence, located in Bucharest's Pipera area, for which the investment is estimated at EUR90 million.
The residential division of Prime Kapital plans to start construction of 600 new homes in its two major projects – Avalon Estates and Silk District in Bucharest and Iasi.
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Oct 16 that Mihai Marcu, the company's CEO and the largest individual shareholder, sold 1 million M shares, at the price of RON6 per share.
Medicover Romania, the subsidiary of Sweden's Medicover Group, plans to acquire six companies under the brand Synlab International, active in the field of laboratory diagnostic services and specialized tests in several medical fields.
IKEA Romania has announced its sales results for the fiscal year 2024 (September 1, 2023, to August 31, 2024), highlighting growth in both online and offline sales.
Visa and Raiffeisen Bank have launched for the first time in Central and Eastern Europe the Visa Signature card (debit and credit), expanding exclusive benefits for super-premium cardholders in the Romanian market, the representatives of the two companies told a press statement.
Generative artificial intelligence (GenAI) will support the transformation of financial-tax functions, contributing to solving major issues such as (in)efficiency, human resource shortages, and compliance with new reporting obligations, including those concerning global minimum taxes; this is the main conclusion of the most recent edition of the EY Tax and Finance Operations (TFO) study.
DN AGRAR Group (BVB: DN), the largest integrated livestock farm in Romania, leader in cow milk production, and BSOG Energy, an energy company focused on developing biomethane production plants across Romania owned by Black Sea Oil & Gas, have sealed a cooperation agreement for the largest biomethane production facility in Romania, with a total capacity of up to 15 MW.
The acquisition by Banca Transilvania (TLV.RO), the largest lender in Romania, of OTP Asset management, part of the OTP Bank Romania acquisition, has been completed after having been recently approved by the Financial Supervisory Authority (ASF).
Technology group Bittnet (BNET.RO) has notified the Bucharest Stock Exchange that one of its companies, Dendrio Solutions, signed a loan agreement with ING Bank.19990 items