Tender Group buys two more companies

Grupul Energetic Tender (Tender Energy Group – GET), the first private energy holding in Romania proceeds with its campaign to acquire equipment and service companies. Its latest two acquisitions made in a 26bn ROL deal last month, and announced now are UPRUC Fagaras and UTON Onesti. The amount includes buying 63% in UPRUC Fagaras from the Privatisation Authority (APAPS) and 52% in UTON Onesti. The privatisation contract has GET investing some $6 million from its own resources in environment protection and retooling over the next five years. ZF