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1 billion-euro financing for three developers
Copper Beech, Africa Israel and Iulius Grup have contracted financing worth around 1bn euros this year to develop the real estate projects announced for the next 3-5 years. The biggest loans...
Romanian banks grant 500m-euro funding for Transgaz offering
Romanian banks granted credits and letters of guarantee worth around 500 million euros to investors, in order to subscribe the Transgaz offering, according to sources from the financial mark...
Stock Exchange poised for 25-30 floatations
The international market liquidity crunch will spur capital raising through floatation on the Bucharest Stock Exchange. The following year will bring a significant number of listings on the...
Transgaz managers subscribe 21m euros for the offering
The managers of Medias-based Transgaz had over 21 million euros available to subscribe in the initial public offering of company shares, and received shares worth a total of 550,000 euros af...
Romtelecom reverses downward trend for fixed telephony
Romtelecom, one of the largest companies on the Romanian market, has registered a net increase in the number of fixed telephony clients for the first time in the last three years. The operat...
Sonae Sierra buys 50% in Arena Mall Bacau for 45m euros
Sonae Sierra, a Portuguese real estate developer and owner of River Plaza mall in Ramnicu-Valcea, will take over 50% of Arena Mall shopping centre in Bacau, in a deal worth 40-45 million eur...
500,000 euros for first Bally store in Bucharest
Bally, the Swiss luxury footwear brand, has entered the Romanian market through a monobrand store on Nicolae Balcescu Blvd. The 100 square-metre unit (which covers two floors) entailed inves...
Record 1.1bn-euro oversubscriptions for Transgaz offering
Investors placed over 1.1 billion euros (3.9 billion RON) in subscription orders, as part of the initial public offering of Transgaz Medias (TGN), which marks the largest subscription in the...
Fiat counts on Romania and Poland for Fiorino's CEE sales
Italy-based Fiat will launch onto the Romanian market around 500 units of the new Fiorino model, a commercial vehicle that weighs less than 3 tonnes, which was launched mid last week. "Under...