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Procema RWP, a construction materials manufacturer controlled by entrepreneur Sorin Creteanu, in 2022 generated turnover worth RON719 million, up 45% from the previous year.
Dr. Max Romania group in 2022 reached turnover worth RON8.9 billion (around EUR1.8 billion), after a 26% increase on the year.
Aramis Invest, the biggest furniture producer in Romania, controlled by local entrepreneurs Vladimir Iacob and Marius Selescu, in 2022 generated turnover worth RON2,085 billion (EUR423 million), up 28% from 2021, in line with ZF calculations based on Finance Ministry data.
German-held builder Geiger Transilvania saw its turnover slip by 5% in 2022, to RON224 million. However, profit went up by 40% to RON25.4 million, while the number of employees dropped by eight, to 426.
E-INFRA group, controlled by businessman Teofil Muresan, expects RON3 billion consolidated turnover, RON400 million net profit in 2023.
The European Commission has approved the acquisition of Enel Romania by Greece's Public Power Corporation, which was last year's largest transaction on the Romanian market, worth EUR1.9 billion.
Small investors put in orders to buy 3.4 million shares of Hidroelectrica on June 23, the first day of the company’s IPO on the Bucharest Stock Exchange, spending RON382 million (at a price of RON112/share) or EUR77 million in a matter of hours.
Barrier, one of Romania’s largest PVC trim makers, has completed the investment meant to expand the production capacity of Bacau plant after getting an over EUR3 million non-reimbursable funding via the state aid scheme set up via GD 807/2014.
Hidroelectrica, the last unlisted energy “pearl” part of the Romanian state’s portfolio, comes in front of investors at the Bucharest Stock Exchange with a valuation ranging between RON42.3 billion and RON50.4 billion, namely between 8.6 times and 10.2 times the net profit registered in the past 12 months (2Q/2022-1Q/2023), reads the listing prospectus.
The footprint of dental clinic chain Dr. Leahu, developed by doctor Ionut Leahu 12 years ago, will expand via acquisitions until the end of 2023 and greenfield expansion subsequently, after Regina Maria network took over 51% of the company.
Mures-based construction materials producer Daw Benta plans new investments in production and warehousing capacities. For 2023, it has a RON3.9 million budget.
Radu Hanga, the Chairman of the Bucharest Stock Exchange, was elected President of the Federation of Euro-Asian Stock Exchanges (FEAS), according to a LinkedIn post by the organization
The electric motor plant Nidec in Oradea, held by Japan’s Nidec group, reported a turnover of RON211.5 million (EUR42.9 million) for 2022, up 27% from RON166.4 million (EUR33.8 million) in 2021, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
MMM Autoparts, a producer of hoses for the automotive industry and the local subsidiary of Spain’s MMM Group, reported a turnover of almost RON215 million (EUR43.6 million) for 2022, up 22.6% on the year, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with state-run lender CEC BANK a term deposit in the amount of RON287.5 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Thursday (June 22)
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) reported record assets of RON107.4 billion at end-May 2023, as per the latest data released by Romania’s Financial Supervisory Authority, or ASF.
Austria's brick manufacturer Wienerberger neared a RON400 million turnover in Romania in 2022 due to a 25% year-over-year increase.
Concrete prefab manufacturer Prebet Aiud (PREB.RO) has informed investors of the establishment of three limited liability companies in which PrebetAiud is the sole shareholder, as per a stock market report released on Thursday (June 22)
Roca Industry Holding (ROC1.RO), which owns stake in several do-it-yourself (DIY) and building material companies, said in a stock market report on Thursday (June 22) that its shareholders approved a proposition regarding the transfer to the Main Market of the Bucharest Stock Exchange, alongside a significant share capital increase.
CITR, the main player in the Romanian restructuring and insolvency market, has announced the transfer of Constanta-based CET Palas thermal power plant, owned by district heating company Electrocentrale Constanta, to the public state patrimony.19080 items