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US-based Cargill to take over Comcereal
US group Cargill, one of the world's largest processors and distributors of agricultural products, will soon launch a $22m public offering to take over Comcereal SA, Romania's largest grain...
US-based Cargill to take over Comcereal
US group Cargill, one of the world's largest processors and distributors of agricultural products, will soon launch a $22m public offering to take over Comcereal SA, Romania's largest grain...
Debates over privately managed public pensions
The administrators of the privately managed public pension funds will have to have at least 20 million euros in capital, according to the law draft regulating such funds, published on the we...
Rompetrol sues APAPS over Oltchim
Rompetrol Group has sued the Privatisation Authority (APAPS), filing for the suspension of privatisation at the petrochemical plant Oltchim Ramnicu-Valcea. Rompetrol through its petrochemica...
Allianz-Tiriac takes profit over reinsurance
The largest general insurance company in Romania, Allianz-Tiriac, has announced plans to substantially reduce the volume of premiums ceded to reinsurance companies. This is a strategic move,...
US giant PepsiCo in talks to take over Quadrant Amroq Beverages
American giant PepsiCo is in talks to take over the group that holds the Pepsi franchise for Romania - Quadrant Amroq Beverages (QAB), according to market sources. Quadrant's shareholders ha...
Eurobank officially takes over Banc Post
Greece's EFG Eurobank Ergasias took over the 17% stake that Banco Portugues de Investimento (BPI) used to hold in Romanian bank Banc Post. Following the transaction, the Greeks officially to...
Ringier takes over Evenimentul Zilei
After brief negotiations, Swiss group Ringier has taken over Evenimentul Zilei daily, and now owns Romania's top three dailies - Libertatea (number one on the market), Evenimentul Zilei (sec...
Banks in fierce battle over energy financing
Big banks operating on the Romanian market, such as ING Bank, Citibank, ABN Amro or Alpha Bank, are vying for granting loans to the state-owned power companies, which have to get hundreds of...