The transaction was carried out through the company First All Energy Europe SRL, held by Adrian Cretoiu, and the company Inspire Asset Management S.R.L, held by Iulian Stanciu. Both firms are based in Romania and provide business and management consultancy services.
Argenta SA ended 2024 with a turnover of RON91 million, net profit of RON32 million, and 176 employees, as per finance ministry data.
Romania’s Competition Council has announced on June 10, 2025 that it has approved the acquisition.
“Following its assessment, the Competition Council found that the transaction does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it, and there are no serious doubts regarding its compatibility with a normal competitive environment. The decision will be published on the website of the national competition authority after the removal of any confidential information,” the Council said in its statement.
In November 2024, Ziarul Financiar (ZF) daily reported that Iulian Stanciu, the President of eMAG Group, became a shareholder in oil drilling company Foraj Sondele by acquiring an ownership stake of 33% from businessman Sever Raicu through Inspire Asset Management SRL, which, per data on www.termene.ro, is 100%-owned by Iulian Stanciu. The shareholding structure of Foraj Sonde Videle also includes First All Energy Europe, with a 16.1% stake.