Agricover Holding, an entrepreneurial agricultural business, posted RON44 million consolidated net profit in 2023, the company announced on Friday.
BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to support production of the new Ford Puma, of the Ford Transit Courier and Ford Turneo Courier models, as well as for the production of fully electric versions thereof.
Winemaker Purcari (WINE.RO), whose shares are included in the BET, has signed an agreement to acquire 100% in Timbrus Purcari Estate (Targoviste), the company announced, a deal that enables it to expand into the Stefan Voda wine region, adding about 130 hectares of farmland, including 112 hectares of vineyard in the Purcari village.
Fashion brand Zara, one of the leading actors in the industry in Romania, will enter indirectly on the second-hand market in Romania this spring with its “Pre-Owned” program, launched in 16 countries already, industry sources told ZF.
Pambac, one of the largest players in the milling and pasta product market in Romania, has budgeted investments of approximately EUR9 million for this year to upgrade its pasta plant, to retool its two mills, for wheat and corn, and to purchase new equipment.
Premier Energy, the third leading household supplier of natural gas in Romania, held by Czech investment company Emma Capital, will focus on integrating the recently acquired CEZ Vanzare on short term and in the medium and long run will focus on expanding the gas distribution network and boosting the green power generation portfolio.