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Manuela Panescu
- Fields
- Capital Market, Companies, Banks-Insurance
- Writing for ZF since
- 2012
- Articles
- 1.453
J.C. Flowers May Take Over Carpatica Bank Through Private Investment
The management of Romanian lender Banca Comerciala Carpatica (BCC.RO) summoned an extraordinary stockholders’ meeting October 9 to approve the change of the terms and conditions of the share...
SIF Moldova Bought Back 0.1% Share Capital On Bourse
Romanian regional investment fund SIF Moldova (SIF2) bought back a 0.1% stake representing 1.086 million of its shares on the Bucharest Stock Exchange for nearly 921,000 lei between August 6...
Nearly 33% Stake In Fondul Proprietatea Was Transferred On London Bourse
A stake of 32.08% in Romanian investment fund Fondul Proprietatea (FP.RO) was transferred on London Bourse as Global Depositary Receipts GDRs.
Insurers No Longer Willing To Cover Drought-Related Damages On Calamity Purposes
Romanian insurance companies are no longer willing to cover drought-related damaged mainly due to the catastrophic nature of the phenomenon, the large affected areas, the high probability to...
Carpatica Bank Shares Boost 10% On Bucharest Bourse, On Takeover Rumors
The shares of Banca Comerciala Carpatica (BCC.RO) increased by over 10% on the Bucharest Stock Exchange September 3, up to 0.0465 lei per unit, on takeover rumors by US’ fund J.C. Flowers.
Volksbank Dissolves Asset Management Unit
Volksbank Romania will dissolve its asset management unit Volksbank Services, operating on the non-banking sector, according to a decision published on the Official Gazette.
Intersport Received RON8M Capital Inflow From Parent Company
Sporting goods retailer Intersport received in July a capital inflow of 8 million lei (EUR1.8 million) from its Greek parent company Fourlis Grup, which will be further used as a working cap...
Roxana Manzatu Named President Of Agency For Public Procurement
Roxana Manzatu, former secretary of state with Ministry of European Funds, stepped in as president of the newly established National Agency for Public Procurement (ANAP), according to a deci...
Swedish Funds East Capital Moves Fondul Proprietatea Stake To London Bourse
Swedish investment funds East Capital, some of the largest foreign investors on the Bucharest Stock Exchange, transformed the shares owned in Romanian investment fund Fondul Proprietatea (FP...
Banca Transilvania To Merge With Volksbank Without New Share Issue
The merger between Romanian lender Banca Transilvania (TLV.RO) and Volksbank Romania (VB.RO) will be made through absorption, while Banca Transilvania’s share capital will not be changed and...
Retrasib Sibiu Invests Added EUR1M In Production Capability Upgrade
Romanian power transformers manufacturer Retrasib Sibiu (RTRA.RO), majority owned by Germany’s SGB-Smit group, aims to increase 2015’s investments budget by EUR1 milion (4.4 million lei), at...
Romanian Factoring Market Up 38%, At EUR1.5B In 1H
The Romanian factoring market reached at EUR1.5 billion (nearly 6.7 billion) in the first semester, up 38% or EUR400 million compared with the same period in 2014, on the backdrop of domesti...