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Petrom reveals value of Russian deal: 100m euros
The transaction between Petrom and Ring Oil Holding & Trading took place in 2006, but the acquisition costs for the shares were only made public in Petrom's 2007 report. Petrom, the largest Romanian company, paid around 100 million euros for the 74.9% stake in...
ZF reveals local private capital rankings in 2007
The sale of Rompetrol by Dinu Patriciu last year has altered positions in the ranking of Romanian-held companies. The biggest private company held by Romanian shareholders is now Arabesque,...
Danone reveals impact of 2007 dioxin scandal
"We got back into the black as late as November," stated Jacques Ponty, general manager of Danone for South-Eastern Europe, referring to the impact the dioxin "scandal" had on the company's...
Flamingo International IPO reveals new millionaires in euros
The initial public offering of the ITC group Flamingo International, which set the companya??s market value at over 55.4 million euros, has revealed new millionaires in euros, whose fortune...
NBR reveals: Unirea has lost its licence
NBR reveals: Unirea has lost its licence
NBR reveals: Unirea has lost its licence
The National Bank of Romania (NBR) decided to pull the plug on Banca Comerciala Unirea (Unirea Commercial Bank). On Monday, after several months of uncertainty, NBR provided the first offici...