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Clifford Chance Badea law firm is expanding its team by bringing Eleonora Udroiu, a lawyer with nearly 18 years of experience on board, who will oversee competition and energy law projects in the M&A practice led by partner Nadia Badea.
Grup Serban Holding, an entrepreneurial business established by Nicolae Serban, operating in several agricultural fields, announced the successful conclusion, from the very first day, of the private placement for its stock, in the wake of which it raised RON12.7 million from investors.
Croissant producer Derpan located in Smardan, Galati county, controlled by brothers Valentin and Emil Ancuta, projects RON42 million turnover for 2021, similar with the 2020 level, after gas prices tripled and raw materials and packaging are in ever shorter supply on the market, according to the company’s representatives.
Dunca Expeditii, one of the largest freight carriers in Romania, in which Dunca family owns a majority stake, has budgeted 5% higher turnover for this year. The company ended 2020 with RON167 million turnover.
Penny continued to open new stores during the pandemic, 20-25 units per annum, but wants to step up and even double up the pace toward 40 units starting 2022.
Poland’s mobile games studio Ten Square Games’ office in Bucharest, which opened in 2021, plans to expand the local team and has several positions currently open for roles such as Java solution architect, senior economy designer, 2D/3D senior game artist, game designer or technical game designer.
Just half an hour before the close of trading session on the Bucharest Stock Exchange on December 8, 2021, a transaction involving 6% of the share capital was processed for issuer SIF Muntenia (SIF4.RO). This is the largest transaction in recent years, Bucharest Stock Exchange data show.
French dairy producer Danone has invested EUR4 million in a new packaging line at its plant in capital city Bucharest, whereby it changes the Tetra Pak packages for the drinkable yogurts of the Danone and Activia ranges.
Startup Dronamics, which developed an own drone fleet using remote flight control systems – for freight transport through same-day drone delivery-, has raised EUR814,000 from 193 investors within a financing campaign carried out on SeedBlink, a local crowdfunding platform for Romanian IT startups, per a statement released by SeedBlink representatives.
Law firm RTPR has assisted integrated mobility services provider Autonom Services in the first corporate bonds offer and in the unfolding of the private placement of the first batch of corporate bonds issued within the offer program whereby Autonom raised over EUR48 million.
ROCA Investments launches a building materials holding that brings together Bico Industries and Sarcom, the two companies in its portfolio operating in this field of activity, and also targets the listing on the AeRO market of the Bucharest Stock Exchange.
Autonom Services, the most important independent player on the operational leasing and rent-a-car markets in Romania, continues to attract financing on the Bucharest Stock Exchange and listed today the first issue of corporate bonds in Romania related to sustainability objectives.
The Rina Tirol and Rina Vista hotels in Poiana Brasov Mountain resort, closed almost six years ago, were sold by the judicial liquidator for over EUR4 million and the new owners target investments to re-open them to tourists.
IMMOFINANZ, one of the leading real estate investors in Romania, has sold the former Armonia Arad shopping center to Oresa, a company held by Swedish investors, with a strong presence on the Romanian market.
Top Seeds, a Romanian entrepreneurial company with turnover of above RON170 million, a provider of integrated solutions for the agricultural field, wants to list on the AeRO market of the Bucharest Stock Exchange in the first half of next year.
Intercontinental hotel, a symbol of Bucharest, will lose its name starting January 1st, 2022 and be rebranded as Grand Hotel Bucharest, after Compania Hoteliera InterContinental Romania and IHG Hotel & Resorts, the owner of InterContinental brand, did not extend the management contract they sealed in 2006.
OMV Petrom, Romania’s sole oil and gas producer, is radically changing its investment directions until 2030, with over half of the company’s budget set to go to green energy and gas.
Safety Broker, leader of Romania’s insurance brokerage market, is readying a strategy envisaging the acquisition of some brokers on the market after getting the greenlight from the Competition Council and Financial Supervisory Authority on the sale of 80% in the company’s stock to Poland’s Unilink, said Viorel Vasile, CEO and co-founder of Safety Broker.
Private healthcare operator Gral Medical, one of the biggest players on the market, controlled by Romanian entrepreneur Robert Serban, is poised to continue expansion nationwide in 2022.
MedLife, the largest private medical system in Romania, continues expansion plans and inaugurates a new medical unit in Sibiu, following an investment of over EUR2.5 million.18981 items