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New regulations for delisting by shareholders
Shareholders in companies listed on the Stock Exchange can decide to withdraw such companies from trading, even if they hold a stake accounting for less than 95 percent of the stock. This ca...
Urex Rovinari, taken over by former executives
Societatea Uzina Mecanica Rovinari (UMR), set up in the middle of last year by former executives of the Urex Rovinari plant, won the bidding for the sale of the majority stake in Urex on Fri...
Aviva increases capital by 5.4m euros
Life insurer Aviva boosted its share capital by 5.4 million euros (19.5 million RON) to 22.9 million euros (over 82.7 million RON) at the end of last year. "We have made this move to consoli...
Baxi exceeds forecasts by 12%
Baxi Romania, one of the most significant heating boiler suppliers saw turnover worth over 7.8 million euros at the end of last year, 12% higher than initial forecasts. "Our investments in a...
30% market share eyed by Enel
The utility company Enel announced a change of name for the distribution companies it owns in Romania, Electrica Dobrogea and Electrica Banat. The two entities will alter their names so as t...
Holcim ups investments by 55 million euros
Construction supplies manufacturer Holcim has revised its investment plan for 2006-2008, an operation that will see the amounts allocated increase by 52%. The local branch of the Swiss Holci...
Suzuki distributed by Hungarians
The distribution for Suzuki cars and motorbikes in Romania will be controlled by the Magyar Suzuki Corporation as of this year, which will be the only entity representing the Japanese manufa...
Iulius Group refinances mall by 50m euros
Iulius Group, the company held by businessman Iulian Dascalu, obtained a 50 million-euro loan from Bank Austria Creditanstalt to refinance the Iulius Mall shopping complex in Timisoara. The...
ABN Amro ups capital by 30m euros
ABN Amro Bank Romania has increased its share capital by 30 million euros, to total some 51 million euros, through a contribution in cash from shareholders. "The main goal of this increase i...