Capital Market
Horizon Capital Buys 6.8% of Purcari Wineries for $7M
Horizon Capital, a leading private equity firm in the region, announced today that its $200 million Emerging Europe Growth Fund III (EEGF III) has invested $7 million for a 6.8% stake in Pur...
MedLife Plans to Build Largest Private Medical Project in Romania
MedLife Medical System, the leading private healthcare provider in Romania, on Wednesday announced plans to develop the largest private medical project in Romania over a period of five years...
Iulian Dascalu Offers EUR23.5M for 31% in Carbochim
Real estate developer Iulius, owned by Iulian Dascalu, is offering RON23.5 million to acquire 31% of industrial abrasives manufacturer Carbochim (CBC.RO) via Carbo Europe in an offer on the...
RCS&RDS Launches EUR800M Secured Notes to Refinance Debt
Digi Communications (DIGI.RO) said Monday RCS&RDS has launched an offering of up to EUR800 million in aggregate principal amount of its senior secured notes due 2025 and 2028, seeking to ref...
Net Assets Of Investment Funds In Romania Up 2.9% In December 2019, To RON49.5B
The net assets of the 215 domestic and foreign open-end and closed-end investment funds operating in Romania reached RON49.5 billion (EUR10.4 billion) in December 2019, up 2.9% from RON48.1...
Organic Fertilizer Producer Norofert Attracts RON11.5M From Stock Market Investors
Organic fertilizer producer Norofert closed in less than a day the first private placement for corporate bonds and attracted RON11.5 million from 102 investors active on the Bucharest Stock...
Alro Shareholders Approve $40M Credit Line
Shareholders of aluminum producer Alro Slatina (ALR.RO) approved Tuesday a $40 million credit line from the Black Sea Trade and Development Bank to refinance costs of its 2018-2019 investmen...
Pillar II Pension Funds Allowed to Invest up to EUR2B in Infrastructure
The seven Pillar II private pension funds, which manage EUR13 billion assets, will be allowed to invest up to 15% of their assets or EUR2 billion at the current value in long-term infrastruc...
SIF Transilvania Appoints Executive Board Members
Mihai Fercala, 70, has been granted a new four-year term on the executive board of regional investment fund SIF Transilvania (SIF3.RO), alongside Iulian Stan and Stefan Szitas.