ROCA Industry (ROC1.RO), a building materials holding majority held by ROCA Investments, announced in a stock market report the closing of the second stage of the share capital increase operation, which resulted in the sale of 4.03% of the shares issued.
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), on Wednesday announced it had filed for insolvency with the Bucharest Court of Law, expressing intent to propose a reorganization plan and keep the right to manage its operations.
The net assets of the 249 domestic and foreign open-end and closed-end investment funds operating in Romania inched up 0.5% in December 2023 up to RON39.7 billion (EUR8 billion), but fell by 13.5% in 2023, the Association of Fund Managers (AAF) said in a statement.