LIQUIDATION
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Pharmaceutical Company Hexi Pharma Cannot Be Dissolved
Judges ruled on Monday that Romanian pharmaceutical company Hexi Pharma cannot be liquidated or dissolved, cannot be subject to mergers, reduce share capital or alienate assets.
Volksbank Dissolves Asset Management Unit
Volksbank Romania will dissolve its asset management unit Volksbank Services, operating on the non-banking sector, according to a decision published on the Official Gazette.
Franklin Templeton Mulls Liquidation Of Eastern Europe Fund With Romgaz Shares Worth $4.5M
Franklin Templeton Investments, manager of Romanian investment fund Fondul Proprietatea (FP.RO), wants to liquidate a fund focusing on Eastern Europe and Russia, with assets worth $9.3 milli...
How To Close Up Shop In An Orderly Fashion, RBS-Style
The Romanian unit of RBS, which became a branch of UK’s The Royal Bank of Scotland, Edinburgh, last September, returned among profitable banks in 2013 thanks to its 9.1 million lei (EUR2 mil...
Borza Liquidates Wood Institute, Sells Land
The National Wood Institute, held by AVAS, the authority in charge of privatizing state assets, has been largely liquidated, while a significant part of the land that used to accommodate the...
AVAS Finds Errors In Fortus Iasi Management By Liquidator CITR
Romanian Privatization Authority AVAS Monday said it found several irregularities in Fortus Iasi management by its liquidator Casa de Insolventa Transilvania, CITR, and plans to restructure...
Coal Miner CNH To Enter Liquidation By End-September
The Romanian government will launch liquidation proceedings for state-run coal mining company Compania Nationala a Huilei (CNH) by end-September, according to the country’s latest letter of...
Fourth Price Cut Renews Liquidator's Hope To Sell Bucharest City Mall
On the eve of a fourth sale attempt for Bucharest bankrupt shopping center City Mall, liquidator Casa de Insolventa Transilvania maintains hope in the face of investor caution, saying the cr...
Bucharest's Residential Compound 'My Dream' Sold At Auction For EUR16.7M
Apartment building My Dream in northern Bucharest was sold for EUR16.74 million in the first auction held by BDO Business Restructuring, the court-appointed administrator of bankrupt buildin...