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ROCA X Venture Capital Exits Shareholding Structure of CODA Intelligence, Acquired by US PDQ
ROCA X Venture Capital in the first quarter of 2024 exited the shareholding structure of CODA Intelligence, a Romanian startup specialized in cybersecurity solutions that has been taken over...
World’s Largest MVNO Lyca Mobile Shut Down Romanian Operations
World’s largest mobile virtual network operator (MVNO) Lyca Mobile, based in the UK, shut down its operations in Romania at the end of last year, eight years after launch, blaming an increas...
Car-Sharing Company Spark To Shut Down Operations In Romania On February 1, 2024
Lithuania’s Spark, a car-sharing service that allows people to rent electric cars via a mobile application, has informed its users in Romania via an in-app notification about plans to shut d...
Bucharest’s Main Heat Supplier ELCEN Exits Insolvency
Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circu...
SIF Banat-Crisana Exits Comelf Bistrita
Industrial material manufacturer Comelf Bistrita (CMF.RO) has notified the Bucharest Stock Exchange that SIF Banat-Crisana (SIF1.RO) is no longer a shareholder in the company as of the end o...
BRD Pensii Readies Exit from Pillar II Private Pension System
BRD Pensii, which manages the Pillar II fund with the lowest net asset unit value since its launch in 2008, of RON23.49 vs RON10 in 2008, is contemplating several scenarios with regard with...
Italy’s Enel Set to Exit Romania
Italy’s Enel, the biggest private investor in electricity distribution, will withdraw from Romania starting next year, reads an official statement of the group.
Innova And EBRD Exit Romanian Energy Sector Service Firm Energobit
Polish investment fund Innova Capital and the European Bank for Reconstruction and Development (EBRD) sold the 25% stake they still owned in EnergoBit, a Romanian holding company providing e...
Fashion Brand Orsay Shuts Down All Units in Romania
French fashion brand Orsay has shut down all its physical stores in Romania, together with the online one, with part of the company’s products being now available on the online platform abou...