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Innova Capital plans regional expansion for La Fantana
Investment company Innova Capital, which controls watercooler distributor La Fantana, aims to triple the value of the company to over 110 million euros, through regional expansion and flotat...
RC II buys 63% in Fantasy Beach hotel for 8m euros
Businessman Dumitru Becsenescu has sold 63% of Antares Hotels, the company that manages the Fantasy Beach hotel in Mamaia, to investment fund Reconstruction Capital II (RC II) for eight mill...
Glenmark has 40m-dollar budget for pharmaceutical acquisition
Indian-based drug manufacturer Glenmark, which is expected to officially start operations on the local market this year, could invest up to 40 million dollars in company acquisitions. "We ha...
Dutch group Aegon, in the race for Asiban again
Dutch group Aegon has again shown interest in Asiban, and is conducting a due diligence process, after having withdraw from the race to take over the insurer at the beginning of last month,...
Sandero, Renault's new model for emerging markets
Automobile Dacia's significant output and the arrival of Ford in Craiova is set to turn Romania into the largest carmaker in central and eastern Europe, Romanian prime minister Calin Popescu...
ABN offers diversified investments for wealthy clients
ABN Amro has put together three investment products with separate risk profiles, dedicated to Preferred Banking service clients, an offer originally launched in autumn. The Preferred Banking...
Appetite for fast food drives Broaster Chicken into the black
Chirila Prod, which has held the master franchise of fast food network Broaster Chicken since 1999, posted turnover worth over 730,000 euros last year, up 42% compared with 2006. More import...
Tough week ahead for the RON
The euro could climb beyond 3.8 RON this week, and reach a three-year high, according to analysts at local banks, as foreign investors have been anticipating the RON's depreciation. During l...
Ford has to pay 27 million euros on top of the 57 million euros agreed for Automobile Craiova
The price Ford will pay to the state for the stake in Automobile Craiova remains unchanged at 57 million euros - the sum decided on after privatisation negotiations, Nadia Crisan, Ford Europ...