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Record subscription level at Transelectrica: 195 million euros
The shares put up for sale by Transelectrica were oversubscribed by about 5.6 times, according to preliminary data available after the closing of the offer. Investors put orders on the marke...
Siretul Pascani has 2m euros to spend on stocks
Textile manufacturer Siretul Pascani will request the shareholders' approval to authorise the Board of Directors to invest 2 million euros to purchase shares. Siretul Pascani does not curren...
Anchor and Summa to invest 80m euros in flats
The Anchor Grup, the developer of Bucuresti Mall and Plaza Romania shopping centres, in partnership with the construction company Summa, will start developing two residential centres worth 8...
Avon sees profit rise 50% to 16 million euros
Avon Cosmetics Romania, the biggest importer of cosmetics on the domestic market, last year overshot the 100 million-euro mark in terms of turnover. The cosmetics importer, a subsidiary of t...
40m euros for natural gas drying facilities
Societatea Nationala a Gazelor Naturale Romgaz SA (The National Natural Gas Company) plans to make investments worth 40 million euros in 17 natural gas drying facilities in Sibiu and Mures c...
Da Vinci Code drives RAO's profit up to 1.3 million euros
Publishing group RAO International Publishing, which owns the rights to publish the books of American writer Dan Brown, the author of the best-seller "The Da Vinci Code", in Romania, posted...
Greek ATE Bank buys 57% in Mindbank for 36 million euros
ATE Bank, the fifth-leading bank in Greece in terms of market value yesterday signed the contract to buy about 57.13% in Mindbank, in an approximately 35.8 million-euro deal. "Most of the sh...
Sintofarm sells shares for 1.4m euros
Drug maker Sintofarm Bucharest is selling some 2 million newly issued shares with a par value of 2.50 RON/share as part of a capital increase worth 5 million RON (1.4 million euros). Newly i...
Romania's biggest hotel triples profit to 14m euros
JW Marriott Bucharest, the biggest hotel operating in the capital city, recorded the highest profit on the hotel market in 2005. Societatea Companiilor Hoteliere Grand (GHES), which manages...