French investment firm Reed Capital has acquired Walor Precision Turning, a manufacturer of metal components for the automotive industry, with factories in Sfantu Gheorghe (Romania), Lege (France), and Irapuato (Mexico) and annual revenue of EUR55 million euros, it said in a press release.
Erste Group Research, the unified analytical and economic intelligence network of Erste Group that also includes Banca Comerciala Romana (BCR) in Romania, expects rating agency Fitch Ratings to leave Romania’s sovereign credit rating and outlook unchanged at its scheduled review on Friday, July 31, as per Erste's weekly macroeconomic report released on July 27.