Bucharest Stock Exchange investors, either retail or institutional and maybe even Pillar II private pension funds, put in orders to sell 3.28 billion Fondul Proprietatea (FP.RO) shares in the Fund’s buyback offer, which pays a premium on the trading price. Following the acquisition, the Fund will cancel these shares.
Nuclearelectrica and Framatome have announced the signing of a cooperation agreement to explore the possibility of producing the medical isotope Lutetium-177 at the Cernavoda nuclear power plant.
A third of companies worldwide (34%) anticipate a significant increase in their group’s global effective tax rate, as a result of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic Co-operation and Development (OECD), down from 47% in 2022, according to Deloitte 2023 Global Tax Policy Survey.
A team of deal specialists of PwC Romania and lawyers of D&B David si Baias assisted the shareholders of Paola Confectii in the sale of the business to Canadian group Canada Goose.
Shipbuilder Santierul Naval Orsova has sealed a EUR2.6 million contract for the construction of a river ship for Gebr.DE JONGE Shipbuilding Services of the Netherlands.
Automotive wiring maker Kromberg & Schubert Romania NA, the local subsidiary of Germany’s Kromberg & Schubert, currently has 50 jobs available at the plant of Nadab locality, located around 40 km from Arad county.