Bankrupt wire factory Dan Steel Group Beclean, one of the most important companies in the Romanian metallurgical industry, has been sold in a public auction for EUR7.5 million euros to Intertranscom Impex SRL, a welded mesh manufacturer in Bacau owned by entrepreneur Ioan Teslaru.
Danube freight carrier Transport Trade Services (TTS.RO) notified investors on Friday about a shareholder exceeding the 5% stake threshold. That shareholder is Metropolitan Life Pensii Private, one of the largest Pillar II pension funds in Romania.
The European Investment Bank has sealed a EUR40 million loan agreement with Austria’s Eldrive Holding, controlled by Bulgarian investors, for the deployment of 8,472 EV charging stations in Bulgaria, Lithuania and Romania in the next three years.