FAILURE
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Hungary’s MVM’s Deal With E.ON In Romania Falls Through
Hungary’s MVW Group on Friday announced the deal with E.ON fell through because the Romanian government did not support the takeover.
Agricover Holding Announces Failure Of IPO
The initial public offering of Agricover Holding set at up to RON416 million and run from May 4 to 16, 2023, closed unsuccessfully, as the low appetite of investors made the company drop pla...
Ten Biggest Failures of Foreign Giants in Romania
The most important international brands worldwide are already present in Romania where they get tens, hundreds of millions or even billions of euros in revenue, and many economy sectors are...
Romania’s Energy Crisis a Result of a Decade of Missed Investment Opportunities
Romania missed almost EUR7 billion in energy investments in the past ten years: reactors 3 and 4 of the Cernavoda nuclear plant delayed indefinitely, gas and coal-fired power plants, cogener...
Five Failed Malls Turned Into Plants, Logistics Or Office Space
More than 100 small and large shopping centers have opened in Romania in the past decade but few people know that at least five of them went insolvent or bankrupt and have since been convert...
Talks Between Electrica And Fondul Proprietatea End Without Sale Agreement
Negotiations between Romanian electricity distribution and supply company Electrica (EL.RO) and investment fund Fondul Proprietatea (FP.RO), for the acquisition of minority stakes held by th...
Private Sector Management For State-Owned Tarom, A Failed Experiment
Announced as the miracle solution for state-owned companies, the management by executives recruited from the private sector that started with Tarom in 2012, failed to reach its goals.
JC Flowers Takeover Of Piraeus And Carpatica Falls Through
What should have been the most important event of 2015 in the Romanian banking sector, the entry of private investment firm JC Flowers via the acquisition of two banks, Piraeus and Carpatica...
Lucian Bute Loses IBF Title By KO In Fifth Round Against England’s Carl Froch
Romanian boxing champion Lucian Bute lost his IBF super-middleweight title after British Carl Froch defeated him by technical knockout in the fifth round of the boxing bout disputed Saturday...