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Dark clouds over industry
Industrial companies estimate that industry will witness a decline in the first quarter of this year, after the slowdown in industrial output seen during 2005. The industrial sentiment index...
Doosan in talks over acquisition of Kvaerner IMGB
Doosan Heavy Industries & Construction Co Ltd., which is part of the South-Korean Doosan Group, is in advanced talks over the acquisition of heavy machinery manufacturer Kvaerner IMGB, sourc...
Urex Rovinari, taken over by former executives
Societatea Uzina Mecanica Rovinari (UMR), set up in the middle of last year by former executives of the Urex Rovinari plant, won the bidding for the sale of the majority stake in Urex on Fri...
Copper bankers take over Carpatina
Lipomin Lipova, whose main shareholders are the owners of copper producer Cuprom Baia Mare on Thursday signed the contract for the acquisition from Petrom of the Carpatina mineral water busi...
Alro ups Alum stake to over 92%
SIF Banat-Crisana sold its 24.09% stake in alumina producer Alum Tulcea during the mandatory tender offer conducted by Alro Slatina, collecting some 2.4 million euros for it. This tender off...
Tight fight over retail space
The new general manager of the restaurant chain Gregory''s, Cristian Mesaros, says that players on the fast-food market have to go hunting for commercial spaces, as though they were real est...
Perfumes lift Avon''s business to over 100m euros
Avon Cosmetics Romania, the domestic branch of the US cosmetics giant, concluded the 2005 fiscal year with 128 million dollars (106m euros) in turnover, an increase of 18.5% on the previous...
Sindan could be sold for over $150m
The Indian firms Ranbaxy Laboratories and Lupin Laboratories, as well as two other European pharmaceutical producers, are interested in the acquisition of the firm Sindan, specialising in th...
BCR sale, over 50 million-euro business for consultants
Investment banks, consultants, lawyers and auditors will collect more than 50m euros from the sale of the largest bank in Romania, a transaction worth 3.75 billion euros. The business genera...