ASESOFT
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Epilogue To A Failed Transaction: eMag’s Takeover By Investment Fund BAF
After having signed an agreement for a potential deal with eMag in 2008, investment fund Balkan Accession Fund (BAF) found out in April 2009 it had all been for nothing, as it the retailer had been taken over by Asesoft Distribution.
Iulian Stanciu And Sebastian Ghita Buy Another 30% Of eMag
Bogdan Vlad and Dan Teodosescu, two of the founders of eMag, the largest online retailer in Romania, sold all of their remaining shares, about 30%, to the majority shareholder, Asesoft Distr...
Competition Authorities OK Flanco Takeover By Asesoft
Romanian Competition Council on Thursday announced it has approved the takeover of electronics retailer Flanco Retail by Asesoft Web, part of the Asesoft group.
Asesoft Distribution Starts Deliveries To Hungary And Bulgaria
Asesoft Distribution, one of Romania’s largest IT&C distributors, in the first half of this year ramped up turnover by 50% to EUR78.5 million, with the increase being particularly generated...
Teamnet Expects 50% Turnover Increase To EUR30 Million
Teamnet International, part of the Asesoft group held by businessman Sebastian Ghita, expects to see turnover up 50% this year to EUR30 million, said chief executive Bogdan Padiu.
Asesoft Owners Use EUR4M Loans To Capitalize Romanian Flanco
Romanian businessmen Sebastian Ghita and Iulian Stanciu contracted two loans worth a total EUR4 million from BRD-Groupe Societe Generale and UniCredit Tiriac Bank, to capitalize electronics...
Asesoft Distribution Fined RON3.18M For Rushed Merger
The Romanian Competition Council has fined Asesoft Distribution with 3.18 million lei (EUR1=RON4.1084) for implementing a merger before obtaining antitrust approvals, the regulator said Tues...