Energy
Five Suitors Still in the Cards to Buy CEZ’s Romanian Operations
Only five suitors are left in the race to buy the CEZ operations in Romania – Australia’s Macquarie group, DWS – Deutsche Bank’s investment fund (the two also seek to buy a stake in Enel Rom...
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...
Schneider Electric Romania Sales Manager Takes Over as General Manager in February
Lucian Enaru will take over in February as general manager of Schneider Electric Romania and Moldova as the four-year term of current general manager Marius Persinaru is ending.
Adrian Dumitriu Renounces Position Of CFO At Nuclearelectrica
Adrian Dumitriu has renounced the position of Chief Financial Officer (CFO) at Romania's state-owned nuclear power producer Nuclearelectrica (SNN.RO), three years before the completion of hi...
OMV Petrom’s Total Hydrocarbon Production Grows In 4Q/2019
OMV Petrom (SNP.RO), the largest Romanian oil and gas company, said Tuesday in a stock market report that its total hydrocarbon production stood at 152,000 boe/day in the fourth quarter of 2...
OMV Petrom Signs Agreement to Transfer 40 Fields to Dacian Petroleum
Romanian oil and gas company Romania OMV Petrom said Wednesday it has reached an agreement for the transfer of 40 onshore oil and gas fields in Romania to Dacian Petroleum.
Five Investors Seek to Enter Exxon’s Data Room for Sale of Black Sea Gas Project
The topic of the beginning of the year on the energy market is the intention of US-held Exxon to sell its 50% stake in the Black Sea gas project, where it has invested $1.5 billion together...
Hidroelectrica Seeks Equity Adviser in View of IPO
Romanian state-owned power producer Hidroelectrica has launched procedures to acquire equity advisory services for an estimated RON8.4 million in view of an initial public offering.
Gas Distributor Distrigaz Sud Gets EUR3.7M Antitrust Fine
Romania's antitrust body has fined natural gas distributor Distrigaz Sud Rețele SRL (DGSR) RON17.65 million (around EUR3.7 million) for abusing its dominant position in the areas where it wa...