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Camelia Sucu negotiates sale of Mobexpert shares
Camelia Sucu, who owns 40% in Mobexpert, the biggest business in the furniture industry in Romania, is in talks with four investment funds to sell her shares. "I was contacted by investment...
Of, of, America
Abia acum, odata reeditat cu un adaos de peste o suta de pagini, am ajuns sa citesc volumul cu care a debutat (cred) Ovidiu Hurduzeu in 2002 si care a scandalizat lumea corectitudinii politi...
Tender has to sell 22% of Ardaf
Tender SA, a company controlled by businessman Ovidiu Tender, is negotiating the sale of a 22% stake it owns in the insurance company Ardaf Cluj, due to regulations of the capital market. Ac...
Antibiotice targets 3.5% of drug market
Pharmaceutical manufacturer Antibiotice Iasi targets a 22% increase in its turnover to 200 million RON (63.4 million euros) and intends to achieve a 3.5% share of the domestic drug market, 0...
Oresa Ventures buys 49% of Guzu Chim
Swedish investment fund Oresa Ventures bought a stake in the paints and varnish maker Guzu Chim, one of the top three players on the market, in a 9 million-euro deal. Sources on the market s...
No spate of Indian managers at Terapia
The takeover of Cluj-based drug manufacturer Terapia by the Indian company Ranbaxy will not resemble that made by Mittal Steel, which brought Indian managers at Sidex, but will rather be lik...
Erste buys employees out of BCR
Erste Bank Austria, which is to take over the controlling interests of the largest bank in Romania, has officially proposed that BCR employees get either money or Erste shares in exchange fo...
PET-bottled beer boosts sales of multinationals
Constantin Bratu, general manager of the Romanian Brewers Association says that leading multinational players sold 16% more PET-bottled beer in the first quarter of this year compared with t...
Sales of new cars up 4% in Q1
The sales of new cars on the Romanian market have progressed by 4.1% in the first quarter of this year from the same time last year to 50,260 units, according to the data presented by the As...