OMV Petrom (stock symbol: SNP), the largest company in Romania and most valuable firm listed at the Bucharest Stock Exchange, has announced the completion of drilling operations at the Krum-1 exploration well, the second exploration well drilled in the Han Asparuh Block, offshore Bulgaria.
Private equity fund Invenio Partners, headquartered in Bulgaria, which around a year and a half ago became a stakeholder in local coffee shop chain 5 to go, wants to invest as much as EUR30 million in three-four new companies of Romania in the next three-five years.
Alternative investment firm Infinity Capital Investments (INFINITY.RO) sold 91.42% in vegetable oil producer Argus Constanta (UARG.RO) to Bulgaria’s Buildcom, a deal announced on Wednesday and processed on the XDS1 market of the Bucharest Stock Exchange on Thursday, at a price of RON1.82 per share, 7% higher than the previous quote.