Paver maker Elis Pavaje, owned of Gota family of Alba, invests EUR20 million in the group’s fifth plant.
Phoenix Y, the producer of Gusto corn puffs, currently exports more than half of Baicoi plant production.
Footwear brand Bata exits Romania after almost two decades. The franchisee, entrepreneur Eugen Paturan, has recently closed down the last three stores.
Transavia, Romania’s biggest poultry producer, which went beyond the RON822 million mark in terms of group turnover in 2020, maintains it will shortly hit the RON1 billion threshold, according to the company’s representatives.
The Romanian operations of delivery platform FoodPanda were valued at almost EUR100 million in the transaction between Germany’s Delivery Hero and Spain’s on-demand delivery platform Glovo, a deal which targeted several markets in the region, according to sources of Ziarul Financiar daily.
The global IPO (initial public offering) market had an exceptional year, breaking records by IPO volume and proceeds consistently into the fourth quarter. Overall, 2021 saw a total of 2,388 deals raising US$453.3 billion in proceeds, a 64% and 67% respective increase year-over-year, in line with the 2021 EY Global IPO Trends Report.
ARES medical centers chain specialized in interventional cardiology on Wednesday announced the acquisition of Cardiomed clinic founded 12 years ago in the city of Cluj Napoca by physician Carmen Muresan.
The European Bank for Reconstruction and Development (EBRD) is providing a EUR5 million loan to Aquila Part Prod Com S.A. with an option to buy up to EUR5 million worth of shares from the company’s founding shareholders.
Homemade gelato shop chain Velocità, which operates two units in Bucharest, on Calea Victoriei Roadway and Ion Campineanu Street, is expanding through franchising and plans to open at least four new units across Romania, in 2022.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded with telecom operator RCS&RDS contract for the energy sale in the amount of nearly RON360 million over the next two years.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded a contract of RON795 million for the wholesale energy sale to Enel Energie Muntenia in 2022.
Garanti BBVA Romania, one of the most dynamic lenders on the local market, has signed a financing agreement worth EUR40 million with the Black Sea Trade and Development Bank (BSTDB) to support small- and medium-sized enterprises (SMEs) affected by the Covid-19 pandemic.