Capital Market
Romcarbon Buzau Net Profit Slumps 93% in 2019, Sales Down 7%
Romcarbon Buzau (ROCE.RO), one of the major plastic packaging producers in Romania, on Friday reported a net profit of RON391,165 for 2019, down 93% from RON4.4 million in 2018, while sales...
Transelectrica Net Profit Grows 28% in 2019, to RON104M
Romanian state-owned power grid operator Transelectrica (TEL.RO) on Friday reported a net profit of RON104 million for 2019, 28% higher compared with 2018, while its total revenues dropped 1...
Bucharest City Hall Seeks To Roll Over RON550M Loan Due In May 2020
Bucharest City Hall seeks to release a ten-year bond issue of up to 550 million lei (EUR115 million) to refinance a 2015 loan falling due in May 2020, ZF has found. Raiffeisen and two other...
Oil Terminal Net Profit Grows Eight Times in 2019, to RON2.4M
Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) posted a net profit of RON2.4 million in 2019, eight times higher than in 2018, and its turnover grew 15.1%, to RON168...
Saudi Al-Arrab Cleared to Buy Electroputere Minority Stake
Romanian power transformers producer Electroputere Craiova (EPT.RO) said Wednesday the financial supervisory authority has approved the plan of majority shareholder Al-Arrab Contracting Comp...
Hidroelectrica Seeks Legal Adviser for Future IPO
Romanian state-owned power producer Hidroelectrica has launched procedures to acquire legal services in view of an initial public offering and is prepared to pay EUR700,000 net of VAT.
Teraplast Approves Merger Through Absorption Of Subsidiaries Teraplast Recycling, Politub
The Board of Directors of building materials producer Teraplast, the majority shareholder of subsidiaries Teraplast Recycling S.A. and Politub S.A., approved on February 10, 2020, the merger...
Teraplast Bistrita Signs Market Maker Contract With BRK Financial Group To Enhance Liquidity
Teraplast Group (TRP.RO), the largest construction materials producer in Romania, on Wednesday said it signed a market maker contract with BRK Financial Group, for firm offers of stock sale...
Lazard, STJ, Deloitte Seek to Advise Hidroelectrica in View of IPO
Lazard, STJ and Deloitte have signed up to provide equity advisory services to state-owned power producer Hidroelectrica in view of an initial public offering for an estimated EUR1.75 millio...