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Management buys another 5% in Turbomecanica
Investment fund Romanian Investment Company Cyprus (RIC) sold its five percent interest in aircraft engine and subassembly maker Turbomecanica Bucharest on the Stock Exchange on Friday. The...
SIF Muntenia buys 20% more in Plastex
SIF Muntenia bought another 20% in plastic producer Plastex Tulcea for nearly $500,000. The most likely seller is the Romanian Investment Company Cyprus (RIC) investment fund, sources on the...
MOL targets regional expansion, buys 23 stations from Shell Romania
Hungarian oil group MOL signed a contract for buying 23 Shell gas stations on the Romanian market in Budapest on Tuesday night, following a secret deal whose value remains undisclosed. Shell...
Pirelli buys 10m euro plant in Romania
Italian group Pirelli, the world's fifth-largest tyre maker, will start production on the Romanian market. However, the company will not be making tyres but metallic cord, one of the key acc...
Bunge buys Muntenia for $3m
US-based Bunge Ltd. will consolidate its position on the edible oil market, following takeover of Muntenia Bucharest. The Americans managed to buy 92% of the Muntenia shares on RASDAQ throug...
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 acquisi...
Alro buys shareholder
Primary aluminium producer Alro Slatina will buy 99.9% in one of its main shareholders, Conef SA (Bucharest) in a deal that might come close to $10 million. Conef holds 6.4% out of the 77% i...
Electroaparataj buys Libra Bank
Electroaparataj Bucharest will buy a significant stake in Libra Bank, for which operation it is set to allocate 107bn ROL (some $3.3 million), as decided by its shareholders during the EGM a...
SIF Muntenia buys land in Mamaia
SIF Muntenia will buy the Navodari-based Hanul Piratilor SA (Pirates' Inn) for more than two million dollars, a corporate release shows. The company targeted holds a camping ground in the Ma...