Restaurant group City Grill, controlled by Dragos Petrescu, is taking over the majority stake in restaurant chain Marty, launched by Marcelus Suciu in 1999 in Cluj, and steps up expansion on Transylvania market.
Local startup Footprints AI, which has developed an AI-based Retail Media platform, currently has a funding round totally worth EUR2 million underway.
Nhood Romania, the integrated real estate services company of the Association Familiale Mulliez (AFM), is continuing the investment envisaging the construction of a mixed-use project in Resita, and this is part of a EUR100 million investment plan for Romania.
Chemical producer and supplier Chimcomplex Borzesti, with two industrial platforms in Onesti and Ramnicu Valcea, announced it is in preliminary talks for a potential acquisition of Azomures, Romania’s most important chemical fertilizer producer.
Insolvent online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), recorded a turnover of RON15.8 million for January-June 2024 period versus RON53 million in the same period of 2023, while its loss soared to RON17.7 million from RON11.2 million, as per the company's profit and loss (P&L) statement for the first half of 2024, released on October 8.