$16m
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Flanco World spends 16m euros on expansion
Flamingo International, the third largest home appliances retailer in Romania, will invest 16 million euros to expand its overall retail area to 70,000 square metres this year, with 12 Flanco Worlds scheduled to open. The investment in a Flanco store with more...
Asirom sells 16m euros' worth of assets in search of profit
Asirom, one of the largest insurance companies on the market, has decided to sell all of its non-insurance related assets, which are worth around 16 million euros. "These assets are real est...
Groupama injects 16m euros into BT Asigurari
French group Groupama, the new owner of BT Asigurari, one of the top ten insurance companies on the market, has increased the company's share capital by around 16.2 million euros (60 million...
Praktiker invests 16m euros in Timi[oara and Ia[i
German company Praktiker will open two Do-It-Yourself stores by the end of the year, in Timi[oara and Ia[i, with total investments worth around 16 million euros, and reach a 20-store network...
Lehman Brothers pays 16m euros for 5% of Adama
The powerful Lehman Brothers investment bank has joined the shareholder structure of Adama real estate development company by taking over 6.9 million shares accounting for a 5% stake in the...
UTI to invest some 16m euros in acquisitions
UTI Group, the producer of IT&C and security solutions, electric installations and military systems, controlled by businessman Tiberiu Urdareanu, announced it would invest some 12-16 million...
Mr. Bricolage to invest 16m euros in stores in Bucharest and Pitesti
Do-It-Yourself store network Mr. Bricolage will open two stores this year in Bucharest and Pitesti, in which it will invest up to 16 million euros. "We will invest 7-8 million euros for each...
Kronospan increases credit lines to 16m euros
According to an announcement published by the company in the Official Gazette, shareholders of Austrian group Kronospan have increased the credit facilities taken out by the Sebes-based plan...
Continental targets 16m tyres per year
The German tyres producer Continental will continue the policy to increase the production volume of the plant it owns in Timisoara in an aim to increase output to 16 million tyres per year u...