Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has assisted J.C. Flowers & Co. in finalizing the sale of First Bank to Italian group Intesa, thus marking the exit of the US private equity fund from Romania.
Romanian executive Adrian Ariciu, who has run from the CEO position the local operations of German group Metro, active in cash&carry food retail, will take over a regional position. He will be executive vice president (EVP) for Eastern Europe.
One of the oldest companies present on Romania’s IT market, Apcom IT Distribution, previously operating under the name of IRIS, which stands out on the market by being the sole authorized distributor of Apple gadgets in Romania, in 2023 posted RON2.465 billion turnover, up 12.9% from 2022.
Porcelain products maker Apulum Alba Iulia, one of IKEA’s suppliers, for 2023 reported turnover worth RON188.4 million (EUR38.1 million), slightly up, by around 1% from 2022, in line with ZF calculations based on Finance Ministry data.