Electrica (EL.RO), a company in which the Romanian government is the largest shareholder with 48.8%, on Monday notified the Bucharest Stock Exchange of having completed the acquisition of New Trend Energy SRL from Emanuel Muntmark and Catalin Mreieru. Electrica did not say how much the deal was worth.
Romania's Finance Ministry has raised RON855 million from banks on Monday (July 15), selling government paper at an annual average yield of 6.40%.
The Competition Council has approved the transaction whereby Banca Transilvania S.A. intends to acquire OTP Bank Romania S.A., OTP Leasing Romania IFN S.A., OTP Asset Management Romania S.A.I. S.A., OTP Factoring S.R.L. and its subsidiaries, OTP Consulting Romania S.R.L., OTP Advisors S.R.L. and OTP Bank Romania Foundation.