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Entrepreneur Cristian Rusu and his family have bought back Rus Savitar-Casa Rusu group, active in furniture production and retail, five years after they sold the company to Sweden’s investment fund Greenbridge.
Farmacia Tei and Bebe Tei, one of the most dynamic businesses on the local market, will overshoot the RON2 billion revenue mark in 2024, company officials say, who budgeted a 20% increase over 2023.
Tucano, a coffee shop network whose story began in the Republic of Moldova 12 years ago, plans to double its coffee shop chain in Romania, which currently consists of more than 35 units.
Construction company Tomoroga Construct had a turnover of RON36.2 million (EUR7.3 million) in 2023, up 70.5% from RON21.2 million (EUR4.3 million) in 2022, as per data on the finance ministry data.
Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating flights from Brasov-Ghimbav International Airport to Munich, Nuremberg, Stuttgart, Rome, Thessaloniki, and Istanbul from June 15, 2024, and then add Milan and Barcelona in July.
MHP Consulting based in Cluj-Napoca, a provider of IT services, part of Porsche Group, reported a turnover of RON240.7 million for 2023, up 50% from RON160.2 million in 2022, as per data on the finance ministry website.
Connections Consult (CC.RO), a digital transformation company listed on the AeRO market of the Bucharest Stock Exchange, has approved the granting of dividends in the amount of RON3.3 million from the net profit recorded in 2022 and 2023.
Technology company Life is Hard (LIH.RO) has successfully completed its public offering of corporate bonds and closed the operation at a price of RON101 per unit, at which the transaction will be settled, it said in a report to the Bucharest Stock Exchange on Monday.
The largest oil producers in the European Union in 2022 were Italy (4.5 million tons), Denmark (3.2 million tons) and Romania (3 million tons), data from Eurostat, the statistical office of the European Union, showed on Monday (April 15).
Romania's Finance Ministry raised RON512.6 million from banks on Monday (April 15, 2024), selling benchmark bonds, above the planned value of RON400 million, due in April 2028, at an annual average yield of 6.25%.
Meat processor Angst Ro, held by the Minea family, has gone insolvent, data on the Bucharest Court of Law website show.
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised UK-based PIB Group Europa, backed by global private equity firms Apax Funds and The Carlyle Group, in relation to the acquisition of Stein Bestasig Insurance Broker, which marks the debut of the UK-based company on the Romanian insurance market.
Dr. Max Romania Group, which consists of pharmaceutical distributor Mediplus and Dr. Max pharmacy network, reached a consolidated turnover of RON8.7 billion in 2023, up 31% compared to 2022.
Greek group Public Power Corporation (PPC), which in 2023 took over Enel Romania assets, has signed a strategic cooperation agreement with Mytilineos Energy & Metals to develop and build a portfolio of almost 90 photovoltaic projects of up to 2,000 MW in Romania, Italy, Bulgaria and Croatia.
Law firm Filip & Company granted legal assistance for four significant shareholders in One United Properties, namely co-founders Andrei Diaconescu (via OA Liviu Holding Invest) and Victor Capitanu (via Vinci VER Holding), chairman of the board of directors Claudio Cisullo (via CC Trust Group AG) and board of directors members Marius Diaconu (via Altius S.A.), in the sale of 234,205,285 company shares to local and international institutional investors.
Romanian fashion brand Ami Amalia, founded by entrepreneur Amalia Saftoiu, is expanding its foothold with a first own offline store, set to be opened in downtown Bucharest, in Icoanei area.
Czech group Packeta, which operates the delivery platform of the same name, plans to invest EUR5 million in Romania this year, banking on the development of new partnerships and logistic development, explained Alexandr Jeleascov, Packeta CEO for Romania, Bulgaria, Greece, Italy and Turkey.
Real estate developer One United Properties (ONE.RO), the leading real estate investor and developer of sustainable residential, office and mixed-use projects in Romania, announced after the end of trading session on the Bucharest Stock Exchange on Friday it had closed its accelerated private placement offering, which the company initially said was intended to sell 360 million shares.
Romanian businessman Ferenc Korporany, best known for selling the Maravet business to an American giant, has bought Hungary's WAF Kft, a company operating in the animal products industry.
A new issue of Tezaur Treasury bills will become available on Monday, April 15, Romania’s finance ministry announced on Friday.19058 items