Black Sea Fund, an investment fund focused on mid-sized companies and set up in 2018, has acquired a majority stake in Kids Element SA (Gymboland Group), the company that owns and operates indoor playgrounds and gaming arcades under the Gymboland and Rematch brands.
UniCredit Bank, which is part of the UniCredit Group and one of the major banks in Romania, is listing today, 20 December, its second corporate bonds issue on the stock exchange this year, worth RON 480 million.
Independenta Sibiu, a company Transilvania Investments, one of Romania’s largest investment funds, is a majority stakeholder in, has completed the first phase of the rehabilitation of industrial spaces on the platform in the wake of investments put at EUR1.5 million.
Romania continues to rank 14th in the EU by the number of new passenger cars registered in January-November, with a volume of 133,238 units, up 14% from the year-earlier period.
Curtea Veche publishing house, owned by the Arsene family, will end 2023 with a turnover of EUR4 million, a level similar with taht of 2022, according to company officials.
Insurance company Allianz-Tiriac said on Tuesday (Dec 19) that it ended the first nine months of 2023 with total underwritings of over RON2.5 billion, up 18% on the year, and damage claim payments to clients exceeded RON900 million, up nearly 20% on the year.
Romanian company IT Genetics, part of the ITG group, which specializes in supply chain equipment and software solutions, has invested around EUR250,000 in an e-commerce platform dedicated to the Italian market, bringing its total presence to five countries.
Blu Capital Partners (BCP), an entrepreneurial investment banking consulting firm, has become a member of the M&A Worldwide international group, one of the most important global groups of experts in Investment Banking, with more than 45 offices in 35 countries, on all continents.
Mobility company Autonom has an annual minimum investment budget of EUR60 million and plans that 13% of the about 3,000 cars it buys a year to be electric and hybrid vehicles in 2024, Autonom CEO Marius Stefan told ZF.