Bankrupt wire factory Dan Steel Group Beclean, one of the most important companies in the Romanian metallurgical industry, has been sold in a public auction for EUR7.5 million euros to Intertranscom Impex SRL, a welded mesh manufacturer in Bacau owned by entrepreneur Ioan Teslaru.
Danube freight carrier Transport Trade Services (TTS.RO) notified investors on Friday about a shareholder exceeding the 5% stake threshold. That shareholder is Metropolitan Life Pensii Private, one of the largest Pillar II pension funds in Romania.
The European Investment Bank has sealed a EUR40 million loan agreement with Austria’s Eldrive Holding, controlled by Bulgarian investors, for the deployment of 8,472 EV charging stations in Bulgaria, Lithuania and Romania in the next three years.
Leroy Merlin, the second largest DIY retailer locally by turnover, in 2023 boosted turnover by 3% against 2022.
Constructii Erbasu, a company owned by entrepreneur Cristian Erbasu, in 2023 earmarked around EUR12 million for investments, with part of the money being aimed at production expansion and another one at real estate investments.
Despite significantly recovering from the decline of 2022 and reaching RON20 billion at the end of 2023, the assets of the ten largest companies in the Romanian asset management industry (namely, over 90% of the market) still are way behind the RON25 billion level recorded on December 31, 2021, in line with calculations by Ziarul Financiar (ZF) daily based on data from the Association of Fund Managers (AAF).
Romanian precast concrete product manufacturer ASA CONS, based in Turda, has budgeted a turnover of almost EUR30 million and investments of EUR1 million in 2024.
“Avram Iancu” International Airport in Cluj, Romania’s second largest, ended last year with 3.24 million passenger traffic, an increase of 23% year-on-year and three times the level of ten years ago, data from the Romanian Airports Association (AAR) and ZF’s calculations show.
Plastic packaging maker Romcarbon (ROCE.RO) has announced in a stock market report on Thursday (Jan. 25, 2024) that it sold 20,000 shares of green power producer Hidroelectrica (H2O.RO) on January 23.