stake
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Sidex stake cuts SIF losses
Financial investment company SIF Moldova posted record profit worth 70.3 billion ROL ($2.1 million) last month, after selling its stake in steel mill Sidex Galati. But profit fails to fully...
Jean Valvis buys back 20% stake in own dairy group
Investment fund Société Générale Romania Fund (SGRF) has sold its 20% stake in dairy group LaDorna to the company's founder - businessman Jean Valvis, thus ending one of the most spectacular...
State sells residual BRD stake
The Privatisation Authority (APAPS) will sell on the Bucharest Stock Exchange, in two stages, the remaining 7.3% stake in the Romanian Development Bank-Groupe Société Générale (BRD-GSG), est...
State sells residual BRD stake
The Privatisation Authority (APAPS) will sell on the Bucharest Stock Exchange, in two stages, the remaining 7.3% stake in the Romanian Development Bank-Groupe Société Générale (BRD-GSG), est...
EBRD may by 15% stake in Banca Romaneasca
Banca Romaneasca (Romanian Bank) has caught the eye of the European Bank for Reconstruction and Development (EBRD), as the international institution announced it would debate the proposition...
Collapsed mutual fund FNI set tot sell 6bn ROL Sidex stake
The National Investment Fund (FNI) may close its first financial transaction in three and a half years today, although all its accounts were frozen. The fund may sell its stake in steel mill...
Baring to double stake in Romania
Baring Private Equity Partners, the investment arm of Dutch group ING, is planning to set up a new investment fund for Central and Eastern Europe, including Romania, which would be twice or...
Nistorescu sells stake in Evenimentul Zilei, keeps director position
Cornel Nistorescu sold his stake in Expres Company, which publishes Evenimentul Zilei, to German group Bertelsmann, through its Gruner & Jahr AG division, sources on the media market say. Th...
Most likely scenario for Petrom: sale of 30-40% stake and capital increase
SNP (National Oil Company) Petrom, the largest company on the Romanian market, may be privatised through the direct sale of a 30-40% stake in the company, with the strategic investor to hold...