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Fondul Proprietatea (FP.RO) on Wednesday evening notified the Bucharest Stock exchange that total subscription in its public tender offer conducted to buyback its shares stood at 1.85 billion shares or 686.14% of the offer; the allocation ratio is 0.1457423805.
Natural gas producer and supplier Romgaz (SNG.RO) on Wednesday notified the Bucharest Stock Exchange that it had commenced the process of delisting the global depository receipts (GDR) from the standard listing segment of the Official List (the "Official List") of the UK Financial Conduct Authority,
DIY retailer MAM Bricolaj (stock symbol: MAM), which sells furniture materials and accessories, reported net profit of RON420,552 for the first half of 2024, compared with RON240,583 in the same period of 2023, as per its half-yearly financial report published at the Bucharest Stock Exchange on Sept 25.
Do-it-yourself (DIY) store chain Leroy Merlin will be opening its 22nd store in Romania and its first in the town of Pitesti, on October 2, 2024.
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, is planning to implement a number of cost cutting solutions soon, as four years after the pandemic, the automotive industry is still unable to return to the volumes before it.
CBRE Romania is strengthening the presence of its ESG & Sustainability Solutions division in the commercial real estate sector through its latest partnership with Access4you, a Hungarian company with international recognition, specializing in building accessibility certification.
The online commerce has significantly developed over the last years and the volume and frequency of orders is constantly growing, as per a survey conducted by the easySales, a platform focused on e-commerce activity automation and centralization.
Agroland Agribusiness, a Romanian entrepreneurial company part of Agroland group, specialized in the sale of agricultural inputs, registered operating revenues worth RON30.6 million in the first half of this year, up 7% from H1/2023, RON2.3 million EBITDA, 5% higher than in the same period of last year, and a RON1.4 million net profit, up 15%.
German luxury sportswear brand Bogner, present in over 50 countries, is expanding to Romania by opening its first store in The Grand Avenue shopping gallery located on the ground floor of JW Marriott Bucharest Grand Hotel.
Dendrio Solutions, part of IT group Bittnet Systems, has signed a memorandum of understanding with Swedish company Hemply Balance to carry out a reverse listing process in the wake of which Dendrio market capitalization will range between EUR37.5 million and EUR40 million.
Alternative investment fund Evergent Investments (EVER) is convening its shareholders to approve a share buyback offering, with Aerostar shares and cash being offered in exchange.
Devero Impex, a business controlled by Musetescu family of Mizil, Prahova county, in 2023 posted turnover worth RON18.7 million (EUR3.8 million), 13.5% higher than in 2022, in line with ZF calculations based on Finance Ministry data.
TMD Friction Romania, which owns brake pads brand Textar, for 2023 reported turnover worth RON358.5 million (EUR72.5 million), up 15% from 2022, in line with ZF calculations based on Finance Ministry data.
Romanian startup Pentra (formerly Pentest Copilot), which was among the finalists of the Innovation Labs 2024 and was selected by Early Game Ventures to get funding, has recently received the promised EUR150,000 investment.
Romania’s future retirees, that is about 8.3 million people contributing to Pillar II mandatory pension funds are the biggest investors of Banca Transilvania (TLV.RO), data aggregated by ZF show.
SeedBlink, the all-in-one equity management and investment platform, has launched Raise Hub, a comprehensive digital suite that empowers startup founders to efficiently manage fundraising activities within their own network, leveraging SeedBlink’s robust equity management infrastructure.
Entrepreneurial company 2B Intelligent Soft (BENTO.RO) posted RON12.1 million net profit in the first half of 2024, an increase of 106% on the year-ago period, while operating revenue increased by 93% to RON45 milion, it said in the first half report to the Bucharest Stock Exchange on Tuesday.
Romania's Competition Council is analyzing the transaction through which Autoklass Center SRL intends to acquire from Tess SRL the distribution, service and agency activities for the brands Volkswagen Autoturisme, Volkswagen Commercial Vehicles and DasWelt Auto.
Private lending in Romania went up 7.7% to RON407.8 billion in August 2024 compared with August 2023, central bank data showed on Tuesday (Sept 23, 2024).
Alternative investment fund Lion Capital, listed at the Bucharest Stock Exchange and with a RON1.4 billion capitalization and RON4.7 billion net assets, has announced the resignation of Radu-Razvan Straut from all the positions he held: member of the board of directors, Vice-Chairman and Deputy CEO.19990 items