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Selgros Cash & Carry invests 15 million euros in Iasi
Retail network Selgros Cash & Carry has invested some 15 million euros in a new store, located in Iasi, which is to be opened today, putting the total number of network stores at 15. After t...
Immoeast buys 25% in Adama for 60 million euros
Austrian investment fund Immoeast, the most active player on the domestic real estate market, has reached a partnership with real estate developer Adama, whereby it will contribute 60 millio...
Banca Transilvania seeks to raise 41 million euros from shareholders
Banca Transilvania, the largest Romanian-controlled bank, intends to increase its share capital by about 217.7 million RON (65 million euros), by capitalising the net profit of 2006 and the...
Bere Mures invests 3 million euros in marketing
Bere Mures, the second biggest producer on the domestic beer market, will invest over 1.2 million euros in promoting the Neumarkt brand, positioned on the PET-bottled beer segment. Bere Mure...
Elpreco makes 39 million euros from construction materials
Construction materials producer Elpreco, based in Craiova, controlled by American investment fund Broadhurst, estimates a 25% turnover increase for this year, to some 48 million euros. "This...
Copper bankers require 600 million dollars
Copper and wire manufacturer Cuprom has hired international banks Merrill Lynch and Deutsche Bank to raise 600 million dollars (450 million euros) to finance the acquisition of assets and li...
Extraction takes Petrom's profit to 647 million euros
Petrom, the biggest Romanian company, controlled by Austrian petroleum group OMV, made 2.28 billion RON (647 million euros) net profit last year, 61% higher than in 2005. The company continu...
Interbrew reports sales topping 3.4 million hectolitres of beer
Interbrew Romania, the third largest competitor on the local beer market, saw a 30% rise in its sales volume to 3.4 million hectolitres last year. Interbrew, the local branch of InBev report...
Tender sells ARDAF stake to PPF Investments for 35 million euros
Czech investment fund PPF Investments has bought 56% in insurance company ARDAF following a 35 million euro deal with Tender SA, held by businessman Ovidiu Tender. PPF Investments conducted...