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Marian Andreev, one of the most discreet local entrepreneurs, is considering selling vegetable oil producer Prutul Galati after almost once decade since the last such talks, when he almost sealed a deal with Glencore, according to market sources.
Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to market sources.
The management team of law firm Tuca Zbarcea & Asociatii will be expanding with six Partners starting January 1, 2021, following recent decisions on internal promotions.
With 99,698 new vehicles sold until December 20, 2021, Dacia is at the top of sales to individuals in France in 2021, according to figures provided by Autoways, a company specializing in the car market, which said these figures would not change significantly until December 31.
Romania’s Finance Ministry reopened a bond issue due in 2024 and raised RON285 million from banks on Thursday, above the scheduled level of RON200 million, at an annual yield of 4.54%.
Simtel Team (SMTL.RO), a Romanian engineering and technology company, said in a stock market report on Thursday that it signed a contract with Fan Courier Express SRL whose value exceeds 10% of the total income as per the latest annual financial statements.
France’s investment company Meridian has acquired half of the NetCity network, entering a strategic partnership with E-Infra Group made up of Electrogrup, Nova Power & Gas, Direct One and Netcity Telecom.
Hungary’s construction group Kesz has bought a plot of land of nearly 16,000 square meters in the Petrom City area, near the Casa Presei Libere (The Free Press House) in capital Bucharest, where it plans to build a residential complex.
Real estate developer GTC (Global Trade Center) has obtained the LEED Gold certification for the Cascade Office Building, a project located in the vicinity of Bucharest’s Victory Square.
One United Properties (ONE.RO), a real estate developer of residential, office and mixed-use projects in Romania, has signed a partnership agreement with lender Raiffeisen Bank International for the provision of capital markets-related services by the latter.
Companies MedLife (M.RO), Conpet Ploiesti (COTE.RO), Sphera (SFG.RO) and Purcari (WINE.RO) have fulfilled the criterion of stock market liquidity on the Bucharest Stock Exchange, therefore their shares could be included in the FTSE GEIS index at the upcoming review in March 2022.
Calin Ilie, head of the Romanian Hospitality Industry Federation (FIHR), says the hotel sector will end this year with a decline of just 30% against 2019, when it reported a turnover of RON6.5 billion.
Rondocarton, part of Austria’s Rondo Ganahl group, one of the biggest producers of corrugated cardboard, operating three packaging plants in Romania, will end 2021 with turnover worth above EUR100 million this year and for 2022 projects growth of below 10%, according to Mihnea Baldea, general manager of the company.
Fan Courier, leader of Romania’s courier services market, is investing over EUR25 million in its own warehouses of transit points in Cluj-Napoca and Brasov, according to Adrian Mihai, co-founder of the company.
Paver maker Elis Pavaje, owned of Gota family of Alba, invests EUR20 million in the group’s fifth plant.
Phoenix Y, the producer of Gusto corn puffs, currently exports more than half of Baicoi plant production.
Footwear brand Bata exits Romania after almost two decades. The franchisee, entrepreneur Eugen Paturan, has recently closed down the last three stores.
Transavia, Romania’s biggest poultry producer, which went beyond the RON822 million mark in terms of group turnover in 2020, maintains it will shortly hit the RON1 billion threshold, according to the company’s representatives.
The Romanian operations of delivery platform FoodPanda were valued at almost EUR100 million in the transaction between Germany’s Delivery Hero and Spain’s on-demand delivery platform Glovo, a deal which targeted several markets in the region, according to sources of Ziarul Financiar daily.
The global IPO (initial public offering) market had an exceptional year, breaking records by IPO volume and proceeds consistently into the fourth quarter. Overall, 2021 saw a total of 2,388 deals raising US$453.3 billion in proceeds, a 64% and 67% respective increase year-over-year, in line with the 2021 EY Global IPO Trends Report.18995 items