TUI Group, the world leader in tourism, is expanding its presence in Europe and entering Romania. Ziarul Financiar first reported about the group's entry onto the local market back in December.
Clifford Chance Badea, the local office of global law firm Clifford Chance, assisted Electroalfa International (EAI), a Romanian leader in advanced electrical engineering solutions for critical infrastructure, in its initial public offering (IPO) of new shares issued following a capital increase, worth about RON580 million (EUR115 million).
Retele Electrice Romania, part of the PPC group, has begun construction of a new 110/20 kV transformer station in Balotesti, Ilfov County, a self-funded investment of more than RON75 million set for completion in 2027.