Romania’s M&A market in the first quarter of this year registered 63 deals, a frail increase from the 61 deals posted during the same period of 2023, showing however stepped-up activity compared to the two previous quarters, shows an EY Romania analysis.
One United Properties, the leading green developer of residential, mixed-use and office real estate in Romania, has sealed a memorandum of understanding with CPI Property Group, a major real estate owner in Europe, to acquire a 21-hectare plot of land located in the vicinity of Bucharest’s Tineretului and Carol parks.
Home appliances producer De’Longhi Romania will open in July the Satu Mare plant, an over EUR40 million investment set to turn Romania into the group’s largest coffee machine production hub globally.
E-Cablaje, a producer of electrical cables for the automotive, agricultural and transport industries, controlled by Italy’s Cable Company SPA and Lobogest SPA, currently has 75 available at the Viisoara plant of Bistrita-Nasaud county.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, is tapping into a new client niche and enters major hypermarket chains with bio cutlery.
IPEC (Întreprinderea de Portelan Elena Covaciu), the company that manufactures ceramic products for household and ornamental use and is one of IKEA's main suppliers on the local market, targets a turnover of EUR33 million in 2024, up 15% from 2023, as per calculations by Ziarul Financiar (ZF) daily based on company data.
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO) has announced in a stock market report on April 3 that Sadalbari SLR, its majority shareholder (a 90% stake), went bankrupt.
Allianz Tiriac Pensii Private, the manager of private pension fund AZT Viitorul Tau, the second largest in Romania after NN Pensii, in February 2024 increased its holdings in Banca Transilvania (TLV) and BRD Soc Gen (BRD) through the purchase of shares from Bucharest Stock Exchange investors.
Cluj-Napoca based grain trader East Grain, held by Agrofert, the largest agribusiness and food industry group in the Czech Republic, has budgeted EUR3.9 million investments for 2024 to increase the storage capacity, the number of trucks and get ERP systems.
Arctic Stream (AST.RO), an IT infrastructure and security integrator, has announced the signing of a memorandum of understanding regarding the transfer of 23% of the share capital of cybersecurity services provider Data Core Systems (DCS), as per a press statement which did not disclose the value of the transaction.
The first quarter of 2024 ended with a more than 4% increase in old three-room apartment prices in Bucharest in March compared with the year-ago month, because of three areas with a double-digit rise – Oltenitei-Brancoveanu, Mosilor-Stefan cel Mare and Drumul Taberei.
CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties, has leased out 3,600 square meters of production space at CTPark Oradea Cargo Terminal to leading Asian EMS (Electronic Manufacturing Services) company Etron Technology.