Capital Market
SIF Muntenia Holders Reject Behboud Madadi’s Request For Distribution Of RON350M Dividends
Shareholders of regional investment fund SIF Muntenia (SIF4.RO) decided in their general meeting of November 15 to reject the request submitted by individual investor Behboud Madadi, aged 42...
Cemacon Net Profit Spikes 88% YoY To RON43M In Jan-Sept 2021
Romanian brick manufacturer Cemacon Cluj Napoca (CEON.RO) said in its financial report released Tuesday that it ended the first nine months of 2021 with a turnover of RON133.6 million, up 40...
SIF Banat Crisana Sells EUR15M Worth of Erste Bank Shares
Financial investment company SIF Banat Crisana (SIF1.RO) sold shares in Erste Bank (EBS.RO) - the Austrian group that owns BCR in Romania - for about EUR15 million euros (RON75 million) in t...
Vrancart Ends First Nine Months with RON270M Revenue and RON10.5M Profit
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO), a company in which the Paval brothers - founders of the most powerful Romanian entrepreneurial business, Dedeman, have a 17% stake,...
Funds Of Dutch NN Group Reach 5% Ownership Stake In Alro Slatina; Investment Nears RON100M
Funds of Dutch NN Group, which operate in the fields of insurance, mutual funds and mostly on the mandatory private pension funds (Pillar II) segment, on Monday reported a 5% ownership stake...
Evergent Investments Liquidates Holdings in OMV Petrom, Alro and Transgaz
Evergent Investments (formerly SIF Moldova), a financial investment company with a capitalization of RON1.25 billion, liquidated its holdings in OMV Petrom (SNP.RO), Alro Slatina (ALR.RO) an...
Dent Estet, Part Of MedLife Group, Acquires 60% Of Oradent Clinic
DENT ESTET Group, established leader on the Romanian dental services market, part of the MedLife Medical System, on Monday announced the acquisition of 60% of the shares of Oradent by Dr. Co...
Transport Trade Services’ Net Profit Soars 60% YoY To RON57.4M In Jan-Sept 2021
Transport Trade Services (TTS.RO), the biggest freight transporter on the Danube, on Monday said it ended the first nine months of 2021 with a net profit of RON57.35 million, up 60.2% on the...
IAR Brasov Reports 20% Higher Net Profit, Of RON22.9M, For Jan-Sept 2021
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) on Monday said it ended the first nine months of 2021 with a net profit of RON22.9 million, up 20% on the year...