BRD Groupe Société Générale (BRD.RO), the fifth-largest bank in Romania by assets, informed its investors on Wednesday that the investment fund Lion Capital (LION.RO) had sold 800,000 BRD shares.
The reorganization plan for Romaero, a state-owned insolvent company, was approved by the creditors’ meeting on June 17, 2026. The proposal, developed by the company together with the court-appointed trustee Expert Insolventa SPRL Filiala Bucuresti (Bucharest Branch), was approved by three of the four categories of creditors (secured creditors, employees, and public sector employees).
The sale of the Lindab Group’s operations in Romania has been finalized, following approval by national authorities, marking the complete exit of the Profile Systems division from Eastern Europe, the company said in a press release.