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CEC changes its mind, decides to sell Asiban stake
CEC (The Romanian Savings Bank) has decided to sell its 25% stake in the insurance company Asiban, after originally announcing last month that it was considering holding onto it, whilst inte...
BT starts to sell loans under new norms
Banca Transilvania (BT) on August 15 started to sell individual loans in line with the norms approved by the NBR. "Employee training took some time, as we had around 5,200 people and were no...
Bank deposits sell investment funds
Positioned on the border between conditioned sales and bank offers, the products bundling together bank deposits and fund units have helped to bolster the popularity of the bank-owned invest...
Mazda expects to sell 250 units of CX-7
Mazda Europe, the domestic importer of the Japanese brand, estimates to sell 250 units of the CX-7 model by the end of next year, with the VAT-inclusive price for this model starting from 30...
Rothschild to sell Asiban
European investment bank Rothschild, which is working as a consultant for Erste Bank in the acquisition process of the BCR, has been authorised to handle the sale of insurance company Asiban...
How to sell land on SE to avoid taxes
The management of SIF Transilvania, which controls the producer of metallurgic equipment Independenta Sibiu, intends to break up the company, which will involve the listing of the two new co...
Joseph Seroussi: "For 200m euros, I will sell the business"
Businessman Joseph Seroussi, owner of four textile plants and of the No 36 clothing stores, says he would not turn down a 200 million-euro offer to sell. "If someone were willing to give me...
Ioan Niculae will not sell Asirom yet
Businessman Ioan Niculae, who controls around 50% in Asirom through Interagro group, says he will not sell his stake in the insurance firm in the next two or three years. Asirom is now worth...
Banks and brokers unable to sell compulsory pensions directly
Banks, brokers, and financial investment service companies (SSIF) will be unable to sell compulsory pensions (the 2nd pillar) directly, as the Private Pension Supervision Commission (CSSPP)...