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APC Universal Partner, a company owned by entrepreneur Lehel Andras, has acquired the brand of Ambient building materials stores of the company of the same name that entered bankruptcy.
Piletilevi Group, the largest and best-known ticket sales platform in the Baltic states, is acquiring a majority stake in Bilete.ro, Romania's oldest and leading ticket sales company with a 30 percent market share, the Group said in a press statement.
Romania's Finance Ministry raised RON566 million from banks on Thursday (July 6), selling government paper maturing in 2030, at an annual average yield of 6.74%.
Romania's Competition Council has launched an investigation into possible antitrust violations on the voucher issuing and selling market by the companies Edenred Romania, Sodexo Pass Romania and Up Romania, the authority announced on Thursday (July 6).
The Bucharest Stock Exchange approved the procedure for including Hidroelectrica’s shares in its indices during the extraordinary meeting of the Indices Commission on July 6, 2023, starting with the first trading day of the company’s shares on the stock market.
The largest allocation in electricity producer Hidroelectrica’s (H2O.RO) IPO on the Bucharest Stock Exchange is RON1.27 billion or approximately 12.3 million shares, ZF has found from order processing data on bvb.ro. The price is RON104 per share, the final price of the IPO.
Roca Industry HOLDINGROCK1 (ROC1.RO), which owns stakes in several do-it-yourself (DIY) and building material companies and is in turn held by Roca Investments, on Thursday (July 6) announced in a stock market report the acquisition of electrical wiring maker Electroplast for about RON46 million (EUR9 million).
Online experiences are increasingly capturing consumers’ attention, especially younger generations, according to the Deloitte Digital Media Trends 2023 report.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 3.2% in unadjusted data and by 2.7% when adjusted for seasonality and number of working days, in May 2023 compared to May 2022, data from the country’s statistics institute INS showed on Thursday (July 6).
The share held by women in the Boards of Directors of companies operating in the Romanian energy sector has decreased compared to five years ago, but the percentage remains high compared to countries in Central and Eastern Europe, according to the latest research by the Boston Consulting Group (BCG)
Romania’s M&A market registered 132 deals in the first half of this year, with a total estimated value of $3.7 billion, slightly up in terms of number, from 131 deals in 1H/2022, but down 11% by value, reveals an EY Romania analysis.
Law firm Filip & Company assisted Fondul Proprietatea in the sale of its stake within Hidroelectrica IPO totally worth RON9.3 billion.
Real estate developer Grand Development, founded by Ionut Nicolescu, is set to invest EUR12 million in Montebello Transylvania Resort development, a 47-villa compound located near Brasov.
Store network Annabella, controlled by Mutu family, has taken over the Best Market chain from entrepreneur Ion Soloman, in one of the biggest deals in food retail and also the most important deal between two local players.
Mayr-Melnhof, a major player on Romania’s packaging market, which operates on the local market via MM Packaging firm, will complete a new warehouse in the coming period and expects turnover to rise by 7% in 2023.
Fondul Proprietatea, managed by US-based Franklin Templeton, has raised RON9.3 billion (EUR1.9 billion) by entirely selling on the bourse the 20% stake it held in Hidroelectrica, the biggest hydropower producer in the region, in Europe’s largest IPO in 2023.
Austria's Hirsch Porozell, which produces polystyrene in Romania, has acquired the extruded polystyrene (XPS) insulation material activities in Romania of Dutch global paints and coatings maker AkzoNobel.
Romanian-held construction company TerraGaz in Otopeni, Ilfov County, posted growth of 45% in revenue to RON181 million in 2022, but the figure is lower than the record high of RON263 million of 2020.
British-held packaging manufacturer DS Smith Paper Zarnesti posted RON634.9 million (EUR128.7 million) revenue in 2022, up 40.5% from the RON451.9 million (EUR91.8 million) of the previous year, according to ZF calculations based on data from the Finance Ministry website.
DS Private Equity (DSPE), a private equity firm based in Seoul (South Korea) has signed the term sheet agreement with Nuclearelectrica and Nova Power & Gas (part of the E-Infra Group), the shareholders of RoPower, which is the project company developing the Doicesti SMR Power Plant in Romania, with the intention to invest EUR75 million for the development of FEED 2 study.19080 items