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Sale of assets triples Shell Gas' profit
Shell Gas Romania, one of the leading players on the liquefied petroleum gas (LPG) distribution market, posted a net profit worth 7.4 million euros (24.7 million RON) in the first half of th...
Sale of 75% in Rompetrol turns Patriciu into Romania's richest man
Dinu Patriciu, chairman and owner of the Rompetrol Group (registered in the Netherlands) has sold a 75% stake in the company for 2.7 billion dollars to Kazakhstan's state-run petroleum compa...
Carlyle, attracted by high number of private entrepreneurs
Carlyle Group, one of the world's leading private equity fund managers, is attracted by the high growth potential of the domestic private investments market, with the high number of domestic...
Daewoo, losses of over 345m euros last year
Daewoo Automobile Romania, for which Ford US carmaker is in talks with the Romanian state to take over, registered net accounting losses of 345m euros in the previous financial year, while t...
GM set to buy $500m worth of auto parts from Romania
A total of 500m dollars (368.4m euros) a year. This is the value of auto parts General Motors, the world's leading carmaker, plans to buy from Romania, according to company representatives....
Consortiul condus de Royal Bank of Scotland ar putea renunta la preluarea ABN
Consortiul condus de Royal Bank of Scotland (RBS), care vrea sa preia ABN AMRO, se teme ca autoritatile de reglementare olandeze ar putea impune conditii restrictive, preluarea devenind neat...
ADM Farm to invest 4m euros to double the number of drugstores
ADM Farm, a pharmaceuticals distributor, which owns the Sante drugstore chain, is set to invest around 4m euros this year to expand its retail network to 30 drugstores. "At the moment, we ha...
RASDAQ beats the BSE in terms of companies' H1 profits
Cumulated profits generated by the biggest companies listed on RASDAQ market, which have reported H1 results so far climbed by 38% in euros in the first six months of this year against the c...
Bank of America salveaza cel mai mare creditor ipotecar
Bank of America (BoA) a achizitionat un pachet de actiuni preferentiale in valoare de 2 mld. dolari (1,48 mld. euro) la Countrywide Financial, cel mai mare furnizor de credite ipotecare din...