ADMINISTRATOR
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CITR To Handle AAylex ONE Restructuring
CITR, the leader of the insolvency and restructuring market in Romania, is the administrator of AAylex ONE, a poultry producer majority-owned by Bogdan Stanca, which operates under the Cocorico brand.
Bogdan Stanescu Stepped In As Hidroelectrica’s New Administrator
Nicolae Bogdan Codrut Stanescu was named the new special administrator of Romanian insolvent hydropower producer Hidroelectrica, replacing Gabriel Dumitrascu.
Pillar II Fund Administrators Halved Loss To RON15.2M In 2012
Administrators of Romanian mandatory private pension funds (Pillar II) registered loss of 15.2 million lei (EUR3.5 million) in 2012, down 45.1% on the year.
Oltchim To Have New General Manager By March 15
Romania’s Economy Ministry will appoint special administrators and a new general manager at insolvent state-owned chemical plant Oltchim by March 15, Economy Minister Varujan Vosganian said...
Fondul Proprietatea Shareholder Wants Reconfirmation Of Franklin Templeton As Fund Administrator
Investment management group City of London, the second largest shareholder of Romanian investment fund Fondul Proprietatea (FP.RO), proposes the reconfirmation of Franklin Templeton’s appoin...
Oltchim’s Special Administrator Resigns
Romanian state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO) Friday said Toma Bogdan Costreie has resigned from his position of special administrator, without giving a reason for his...
SIF Muntenia’s Stockholders Representatives Plan To Replace Administrator
Stockholders’ Representatives Council of Romanian investment fund SIF Muntenia (SIF4.RO) Wednesday said it aims to terminate the contract with SAI Muntenia Invest, the fund’s administrator,...
Economy Ministry State Secretary May Be Appointed Administrator Of Electrica
Economy Ministry secretary of state Gelu Stefan Diaconu will be appointed temporary administrator of Romanian state-owned power distributor Electrica, according to a memorandum included on t...
Hidroelectrica Administrator: We Are Preparing For Force Majeure
Romania’s largest insolvency, that of energy producer Hidroelectrica, is proving an increasingly tough mission, since the company could again use the force majeure clause because of the drou...