Timisoara-based group of companies IT LASTING, which includes firms LASTING System, LASTING Software and SPHINX IT, reported a combined turnover of over RON246 million (EUR49.5 million) and total net profit of RON9.4 million (EUR1.89 million) for 2023, and the bulk of turnover (80%) was generated by the distribution division (LASTING System).
The representatives of Franklin Templeton, the manager of Fondul Proprietatea (FP.RO) are ready to take public on the Bucharest Stock Exchange three companies in which the Fund owns stakes valued at EUR306.4 million – Aeroporturi Bucuresti (Bucharest Airports), Portul Constanta (Port of Constanta) and Salrom.
Romanian-held logistic and freight forwarding group International Alexander of Arad, the biggest player on this market, ended 2023 with a turnover of RON665.4 million, up nearly 5% year-over-year.
Medical services network MedLife is starting the expansion of its MindCare chain of mental health centers by opening a second unit, in the city of Constanta, after the first unit located in capital city Bucharest.
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, has successfully completed the initial public offering (IPO) carried out at the Bucharest Stock Exchange, through which it attracted RON20 million, and is readying its listing on the AeRo market at the end of June.
InterCapital Asset Management, the largest independent investment manager in Croatia, last week listed GROM (Gov ROM) ETF (exchange traded fund), a tradable fund with five and ten-year Romanian government bonds, on the Zagreb Stock Exchange. The company plans to list the ETF on the Bucharest Stock Exchange, too.