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Draka in talks with Paneuro
The Dutch group Draka, one of the biggest wiring producers in the world is in talks to acquire Romcab Targu Mures from its majority stakeholder, the Paneuro group, market sources told ZF. Th...
Kandia ends 2005 with 34m euros
Chocolate producer Kandia-Excelent posted 124 million RON (34 million euro) turnover last year, an increase of 5% in RON compared with 2004, while the profit in RON was lower than in 2004. T...
SIF Muntenia exits Biofarm with 46% profit
SIF Muntenia has sold its 2% stake in drug producer Biofarm Bucharest, following transactions on the market whereby it collected 4.5 million RON (over 1.2 million euros). The company bought...
Possible new agreement with the IMF
Romania could resume negotiations with the International Monetary Fund on the stand-by agreement, if the IMF, after considering the results of the macroeconomic consultations, thinks a succe...
Erste considers negotiations with SIFs to buy their stake in BCR
Erste Bank, the future majority shareholder of Banca Comerciala Romana, is considering negotiating with the five SIFs over a price to buy their about 30% stake in the bank, Andreas Treichl,...
Oresa Ventures negotiates with Guzu Chim
Swedish investment fund Oresa Ventures is interested in acquiring a stake in the paint producer Guzu Chim, one of the top players on the specialised market, Daniel Guzu, chief executive and...
Altex resumes talks with funds
The electronics and home appliance retailer Altex is holding talks with two investment funds for the sale of a minority stake in company shares. "We have resumed talks with the same two inve...
ING enters real estate with 30m-euro project
The Dutch financial group ING has entered the local market with its real estate division, which in partnership with the construction company ACMS Bucharest is developing a project focused on...
Mutual funds go hand in hand with the stock market again in 2006
The mutual fund market will continue to grow in 2006, driven by the declining yields in the banking sector, and by the entry of new players on the market. "We expect this year''s growth to b...