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AIG Fund forks out $20 million for 30% in UTI Group
UTI Group, a producer of IT&C and security solutions, of electrical installations and military systems, and investment fund AIG Investment Fund have reached an agreement regarding the sale o...
5m euros for 13,000 square metres in Cefin Logistic Park
FM Logistic, a logistic services operator, rented a 13,000 square metre space inside the Cefin Logistic Park industrial project, according to DTZ Echinox, the broker of the deal. The value o...
BOS Automotive joins suppliers for Dacia Logan
BOS Automotive Products SCS Romania, a unit of the German firm BOS GmbH&Co. KG, the world''s leading manufacturer of sunshades and compartmentalisation systems for the car industry, announce...
Renault wants to take over Daewoo Craiova for Nissan
Carmakers Renault and Nissan signed a letter of intent with the Office for State Interests and Industrial Privatisation (OPSPI) in order to acquire the Daewoo Craiova plant. The purpose of t...
Non-residents go for SIFs
Foreign investors continued to put money into the accounts of brokers throughout last month, with net capital inflows amounting to 12 million euros, the National Securities Commission (CNVM)...
SWISS Air forecasts 5m-euro turnover for 2005
SWISS International Air Lines expects to reach turnover worth 5 million euros in 2005 on the Romanian market. "We estimate turnover for this year will increase by 10% from the figure posted...
Help Net uses pharmaceuticals as a magnet for cosmetics
Help Net, operating a network of around 80 pharmacies, derived turnover worth 25 million euros in the first nine months of this year, 70% higher than the turnover seen during the whole of la...
Evyap sees 20m-euro sales for 2006
Turkish personal care products company Evyap expects turnover in 2006 to amount to 20 million euros on the Romanian market, up from the 18 million euros it anticipates for this year. "This g...
Electroputere Craiova up for sale again
The State Assets Resolution Authority (AVAS) was to put the company Electroputere Craiova up for privatisation again yesterday, with the deadline for submitting bids set for December 19. Ele...