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Electricity group Luxten to change hands under $50m transaction
Electricity group Luxten, one of the most profitable Romanian companies, may see its shareholding structure undergo significant changes in the next two months, following a complex transactio...
Brau Union Romania shuts down beer plant under cost-slashing strategy
SAB Miller, the world's second-largest beer company, last year closed down its Buzau-based factory because of the slower-than-expected Romanian market growth. It is now the turn of Austrian...
Domestic beer under siege
Beck's or Ursus? Tuborg or Silva? Amstel or Ciuc? The answers to these questions could radically change the look of the Romanian beer market, as the international producers calling the shots...
Floatation of major companies only under consideration
It has been two years since a major state-run company was last listed on the Bucharest Stock Exchange (BSE), yet Prime Minister Adrian Nastase says floatation of "strong" companies is being...
Excelent buys Kandia under $6m complex transaction
Sweets maker Excelent Bucharest took over the main stake in Kandia Timisoara from investment fund Rivta GmBH, under a complex transaction worth $6 million.The acquisition of Kandia shares, a...
Petromidia debts under negotiation
Rompetrol chairman Dinu Patriciu is personally negotiating the situation of Petromidia Refinery's debts to the state budget with the representatives of the Finance Ministry. Patriciu on Wedn...
Lockheed Martin to assemble radars in Romania under $100m contract
The Romanian Army could start the acquisitions of NATO compatible technology with a series of small tactical border surveillance radars. The deal is also an opportunity for a Romanian compan...
Former chairman of Banca Transilvania placed under arrest
The Romanian financial market is in shock. Iosif Pop, former chairman of Banca Tansilvania and one of Romania's most enduring bankers, was arrested in connection to the fraud committed at th...
National Securities Commission under fire for market overregulation
The conflict between the majority and the minority shareholders has again landed on the table of the National Securities Commission (CNVM), which must tilt the balance one side or the other....