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Altius, a market leader for animal health products, has subscribed 1.5 million shares within the initial public offering (IPO) of shares carried out by real estate developer One United Properties, for which it paid RON3 million, per data provided by One United Properties.
The Romanian leu on Friday dropped to a fresh all-time low against the euro, as the central bank average reference rate stood at 4.9281 lei to the European currency.
Romania’s Financial Supervisory Authority (ASF) has approved the public offer document whereby Unirea Shopping Center, which manages two shopping centers in Bucharest and Brasov, seeks to buy 290,758 shares in construction company ICSIM, accounting for 14.8% of the company’s share capital, ICSIM said in a stock market report.
Romania’s Competition Council said Friday it was looking into a deal whereby Glovoappro SRL seeks to acquire the company Foodpanda Ro SRL and, indirectly, the Pandamart business operated by Delivery Hero Dmart SRL.
Public acquisitions in Romania reached a record value of EUR49 billion in 2019, fivefold higher than in 2009, per a report of the Institute for Public Policy (IPP). In 2020, the Romania State made acquisitions worth a total EUR37 billion.
Evergent Investments (the former SIF Moldova) said Thursday evening in a stock market report that it acquired a land of 16,000 square meters, in northern Bucharest, through Tesatoriile Reunite SA, part of Evergent Investments Group.
The restaurant market went down to less than RON10 billion in 2020 compared with RON14 billion in 2019. The fast-food segment accounted for some 20% to 25%.
Romanian entrepreneur Augustin Oancea, who owns electricity, gas and oil product trader Tinmar Energy, has a RON40 million investment budget for Intercereal, which he acquired last year.
Medical operator Medima Health, specialized in medical imaging and radiology, continues expansion by opening a clinic in Sibiu, central Romania, following an investment of EUR3 million.
Romania's finance ministry on Thursday raised a total of 648 million lei (EUR131.5 million) selling January 2028 bonds and 7-month bills on the local market, central bank data showed.
The first half of the year brought to the stock market 12 new equity issues: a company listed on the Regulated Market of the Bucharest Stock Exchange (BVB) and 11 listed on the Multilateral Trading Segment of BVB, with the total value of equity stakes listed on the stock market in January-June 2021 exceeding EUR77 million per data from BVB officials.
Adriana Danila and Stelian Olaru, the owners of the Gram Bistro and Suento by Gram restaurants, will be opening a new restaurant, at the end of July, on the ground floor of the Mendeleev Office 5 office building in capital Bucharest, under the Ever After by Gram concept.
Romania’s hotel market, the most affected sector by the coronavirus pandemic, expects to revive until 2024. In Romania, the net occupancy rate in 2020 was 11.3% lower than in 2019. For 2021-2023, 17 new hotels, with over 2,000 rooms, are due to be delivered, half of which in capital Bucharest.
Investor Marius Alexe, 38, has raised his holding in dairy producer Bonas Import Export (BONA.RO) to over 5%, the company said in a stock market report Thursday.
Romanian paving stone manufacturer Symmetrica of Suceava, owned by the Stanciu family, has opened a new production unit in Arad County, in Zimandu Nou locality, following an investment of over EUR6 million, thus, reaching seven factories in Romania.
Romanian prime minister Florin Citu said Thursday he has dismissed finance minister Alexandru Nazare from office citing delays in major projects, and proposed to take on the role of acting finance minister himself.
Catalyst Romania Fund II, one of the most important venture capital (VC) funds in the region, on Thursday said it has participated with EUR1.2 million financing, as a lead investor, in Series A financing round set off at the end of May by SeedBlink, a local crowdfunding platform for Romanian IT start-ups.
Courier services company Sameday, owned by online retailer eMag, reported a turnover of approximately RON400 million in 2020, up 142% from 2019, due to the growth of the e-commerce sector, against the backdrop of the coronavirus pandemic, and to the development of the logistics capacity.
Biodegradable packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast and held by businessman Florin Pogonaru, has started the transfer of assets unrelated to its core activity, towards a new entity, Obor Development, and the splitting process is due for completion until December 31, 2021.
Romania's gross domestic product grew 2.9% in real terms in the first quarter of 2021 compared with the fourth quarter of 2020, provisional (2) estimates from the country's statistics board INS showed Thursday.18957 items