The Competition Council has authorized the deal whereby Altex Romania bought the local operations of DIY retailer Brico Depot from UK’s Kingfisher for EUR70 million (enterprise value, debt included) in December.
The Romanian data center market is witnessing significant growth, with lots of construction and expansion projects and a lot of interest from European and US developers, data center designer and builder Tema Energy data show.
4finance Holding S.A. has sealed a definitive agreement for the sale of TBI Bank EAD to Advent International, a leading global private equity investor.
The New Home 2025 program has become operational, with the RON500 million guarantee ceiling approved by the Finance Ministry being allocated to the 13 participating banks.
BICO Industries, a building materials manufacturer controlled by ROCA Industry holding with 60%, has signed a financing contract with the Environmental Funds Administration (AFM) for the financing of a project for the construction and equipping a non-woven fiberglass production plant by recycling fiberglass waste resulting from both its current activity (production of fiberglass mesh for thermal insulation systems reinforcement), as well as by market collection.
Real estate developer One United Properties reported EUR45.1 million worth of sales and pre-sales in Q1/2025, after the sale and pre-sale of 146 apartments and commercial units, as well as 117 parking spaces and other unit types.
Romania at the end of 2024 had a working population (15-64 years) of 8.3 million persons, with the employment rate standing at 63.8%, 0.8% higher than in 2023, in line with data published by the country’s statistics board INS.
Tudor Personal Tailer, specializing in the production of men’s made to measure suits, plans to add women’s items to its current portfolio.