shares
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Turbomecanica shares go to managers
Members of the Turboact association, who control the majority stake in Turbomecanica Bucharest, have decided to dissolve the association and redistribute the shares held by its members. Amon...
Malaxa and Ausnit heirs claim $400m in Property Fund shares
The heirs of Nicolae Malaxa and Max Ausnit, two of the biggest industrialists of interwar Romania are claiming damages for the fortunes seized by the communist regime, in the form of shares...
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...
Asirom posts 10 million-euro losses, sees declining market shares
Asirom, the second leading insurance company on the market last year posted 10 million-euro (36 million RON) loss, 70% higher in euros than in 2004, when it posted 5.8 million euros (23.6 mi...
SIFs do not intend to sell BCR shares
Financial investment companies (SIFs) do not intend to sell the shares they own in Banca Comerciala Romana (Romanian Commercial Bank - BCR), totalling about 30% of the bank''s capital yet, b...
Bonus shares in SIFs fail to impress investors
This year, SIFs'' General Meetings of Shareholders have not managed to bring the surprises some investors were expecting. The financial investment companies were unable once again to meet th...
OMV ready to buy if Petrom employees dump their shares
Austrian petroleum group OMV, Petrom''s majority shareholder, intends to support the quote of Petrom shares by buying shares on the stock exchange, in case the company''s employees sell the...
Transelectrica sells 7.3m shares
The value of Transelectrica''s share offering, which will most likely take place in June, could reach 40 million euros, a sum that accounts for 10% of the company''s capital. Transelectrica...
Astra Romana makes profit from sale of Asirom shares
Astra Romana Refinery at the end of last year posted 2.3 million RON (0.64 million euro) net profit, after having made losses of 2 million RON (0.65 million euros) in 2004. The refinery made...