Electricity and electrical equipment producer Electromagnetica (ELMA.RO) has announced in a stock market report that it will organize an outcry bid on August 7 for the sale of assets consisting of 11 small hydroelectric power plants, at a starting price of RON29 million, to which VAT is applied.
Czech-held company Partners Financial Services (PFS) is entering Romania by buying a 32.89% stake in Transilvania Broker de Asigurari (TBK.RO), one of the largest insurance brokers on the local market.