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Romanian Cluj-based startup Stailer.ro, an online booking platform for beauty salons, has attracted a bridge investment round worth EUR500,000 from an angel investor group, following which it was valued at EUR10 million, company representatives said in a statement.
Romanian engineering and technology firm Simtel Team, listed on the AeRo market of the Bucharest Stock Exchange, plans to acquire the majority stake in ANT Power Energy, a provider of forecasting services for photovoltaic power plants and wind turbines.
Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday said it obtained for Romania the very first financing from the Modernization Fund: almost EUR23 million for the development of Bucharest energy transmission infrastructure.
One United Properties (ONE.RO), one of the main real estate developers in Romania, on December 20 will grant its shareholders free shares in proportion of four new ONE shares for each five shares held.
Private equity fund Morphosis Capital Fund I, focused on Romanian small and medium-sized company, acquired the majority stake in Stay Fit Gym, the second biggest player on Romania’s fitness market by the number of centers.
Romanian startup Frisbo, a European e-fulfillment solution matching online stores with a network of trusted operators & smart logistics providers, expects to end 2021 with EUR2 million turnover, double the 2020 level as the e-commerce market continued to grow and the company expanded to several countries in the region and attracted new clients.
Private healthcare group Romgermed, will open a new clinic on Calea Plevnei, an investment of around EUR1 million, and plans to open two new labs and the fifth clinic in 2022.
Andrei Busoi, general manager of Seroussi group, which owns three apparel plants and a ten-store network locally, says the group wants to expand its own store network.
Hotel complex Parc Hotels, including four-star units Ramada Parc and Ramada Plaza of northern Bucharest, will end 2021 with 10% higher turnover, according to the company’s officials.
At the level of 2030, the capacity of solar power projects in Romania is likely to hit 7,400 MW, five times higher than the current one, and OMV Petrom, Romania’s sole oil and gas producer, says it wants over 10% of this market.
A 45 MW solar park in Giurgiu completed in 2012 and held by Samsung is now up for sale, market sources say. The project company behind it, LJG Green Source Energy Alpha, was acquired by Samsung C&T Corporation in 2012. At the time, the solar park was the largest in Romania and had required an about EUR160 million investment.
Swiss Capital Asset Management, manager of the FII Active Plus and FDI Active Dinamic funds, liquidated its 5.14% stake in SIF Muntenia (SIF4.RO) in the deal of December 8 in which 6.1% of the company changed hands, a report to the Bucharest Stock Exchange shows.
Real estate developer Akcent Development is launching Akcent City, a new residential project of 810 housing units in capital Bucharest, within an investment of nearly EUR75 million.
CTP, the largest developer and manager of Class A industrial and logistics space in Romania, continues the development of CTPark Bucharest North with new buildings with a total area of 95,000 square meters.
Prima Development Group, one of the most active real estate developers in Romania by the number of housing units delivered, starts construction works on a new residential complex in Oradea (north-western Romania), which continues a project built by the company over the last years.
TBI Bank, part of 4Finance Group, with activities in Romania, Bulgaria, Germany, Denmark, Sweden, Poland and Lithuania, is expanding its operations into Greece after it has recently obtained the approval of the National Bank of Greece.
Logistics parks developer Mega Company, advised by the Capital Markets team of real estate consulting firm JLL Romania, has secured a loan of EUR20.6 million from lender Alpha Bank to fund the Mega Distribution Center logistics park located on Bucharest ring road, in the western part of the city.
Norway’s TOMRA, a maker of reverse vending machines used in collecting beverage packaging, has opened a subsidiary in Romania and estimates it will install around 3,000 machines, which will collect more than 3 billion packages.
Romanian fintech Instant Factoring, the first Romanian startup providing online microfactoring for small and medium-sized enterprises (SMEs), has closed a new external financing round of EUR6.3 million, boosting the total volume of available capital to EUR12 million, both for Romania and for the entity launched recently in Serbia.
Lender Raiffeisen Bank has won a tender organized by natural gas producer and supplier Romgaz (SNG.RO) to obtain a part of the funded needed for the acquisition of US giant ExxonMobil's stake in the Neptun Deep gas exploration and drilling project in the Black Sea, according to sources on the financial market.20085 items