Energy
Romanian Restart Energy and US Interlink Enter Green Energy Joint Venture
Restart Energy, a local independent supplier of electricity and natural gas, entered a joint venture with Interlink Capital Strategies, a U.S.-based financial consulting and fund management...
NN Group Raises Holding in OMV Petrom to 5.03%
NN Group and the pension funds it manages have raised their holding in oil and gas company OMV Petrom (SNP.RO) to 5.03%, Petrom said in a stock market report Thursday.
Fondul Proprietatea Lowers Holding in Nuclearelectrica Below 5%
Investment fund Fondul Proprietatea (FP.RO) has reduced its stake in nuclear power producer Nuclearelectrica (SNN.RO) to 4.99%, below the 5% legal reporting threshold.
Alive Capital Raises RON10M in Private Bond Placement
Alive Capital, supplier of electricity and electrical service provider, announced Tuesday it has successfully closed a private placement for corporate bonds opened on November 23, 2020, rais...
Antitrust Body Looks into Hidroelectrica's Acquisition of Crucea Wind Park
Romania's Competition Council said Tuesday it was analyzing the transaction whereby state-owned hydropower producer Hidroelectrica is acquiring Crucea Wind Farm SA and STEAG Energie Romania...
Electrica Group Completes Merger Process Of Its Three Electricity Distribution Companies
Romanian state-owned energy utility group Electrica (EL.RO) has announced the completion of the first stage of the merger by absorption of the three electricity distribution companies within...
Romania’s Electricity Market To Be Liberalized As Of January 1, 2021
Romania’s electricity market will be liberalized starting January 1, 2021, which means that electricity supply prices for household consumers will no longer be regulated by the country’s ene...
German DKV Group Buys Romanian Firm Smart Diesel
German DKV Group has acquired Arad-based Smart Diesel, the largest private filling station operator in Romania, founded by Romanian entrepreneurs Ovidiu Andries and Daniel Imbre.
OMV Petrom Sells Production Assets In Kazakhstan; Seeks To Focus On Black Sea Region
OMV Petrom (SNP.RO), the biggest oil and gas company in Southeast Europe has signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation...