ASSET SALE
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SIFI Cluj Retail SA Bucharest Signs Agreement to Sell All Portfolio Assets for EUR24.3M
SIFI Cluj Retail SA Bucuresti, a company in which Cyprus-registered SIF Imobiliare fund owns 96.3%, announced the signing of an agreement for the sale of all the real estate and fixed assets part of its portfolio for EUR24.3 million.
Unisem Sells Building in Downtown Bucharest for RON6.8M
Unisem Bucharest, which produces and sells agricultural seeds, has sold a building in downtown Bucharest for RON6.8 million (EUR1.4 million), it said in a report Monday.
Oltchim Creditors Approve EUR127M Asset Sale to Chimcomplex
The judicial administrators of insolvent chemical plant Oltchim Ramnicu Valcea said the company's creditors have approved the sale of some assets to chemical producer Chimcomplex Borzesti fo...
CET Brasov For Sale At EUR18.48M From EUR40M in 2013
The liquidator of CET Brasov, the city's heating company until 2011, seeks to sell the bankrupt company's assets again, halving the asking price to EUR18.48 million from EUR40 million in 201...
Hercesa Romania Set To Sell Another Land Plot To Continue Investments
Spanish-held group Hercesa, which has invested around EUR150 million in Romania over the past decade to buy land, develop housing compound Vivenda and rebuild Cismigiu hotel, plans to resume...
RAFO Onesti Shareholders Approve Asset Sale
Oil refinery RAFO Onesti will be dismantled and sold as scrap metal after its majority shareholder, controlled by a Russian businessman, voted in favor of the proposition in the general shar...
Fondul Proprietatea Hires Citigroup To Sell Shares Worth EUR0.5B
Franklin Templeton, the manager of Romanian investment fund Fondul Proprietatea (FP.RO), has selected U.S. Citigroup Global Markets Limited as exclusive broker of the sale of EUR527.6 millio...