MERGER
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Christian Tour Takes Over Europa Travel, Bibi Touring Tourism Agencies
Romanian tour-operator Christian Tour took over Europa Travel and Bibi Touring tourism agencies, planning to launch low cost vacations and domestic destinations packages, the company’s owner...
Italy’s Intesa Sanpaolo Completes Merger Of Romanian Subsidiaries
Italy’s Intesa Sanpaolo has completed the merger of its Romanian subsidiaries Intesa Sanpaolo Bank and CR Firenze, the bank said in a statement Tuesday.
Fabryo And Atlas Merge Their Operations Into EUR42M Business
Paints and textured plasters producer Fabryo, controlled by investment fund Oresa Ventures, will merge with the construction materials division of Atlas Corporation group, controlled by Gree...
Paint Maker Fabryo Will Merge With Construction Material Firm Atlas Paints
Paint and lacquer maker Fabryo, owned by Swedish investment fund Oresa Ventures, will merge with Atlas Paints, the construction material division of Atlas Corporation, controlled by Greek bu...
CSSPP Authorizes First Stage Of Viva, Alico Fund Merger
Romania's private pension system regulator CSSPP last week authorized the first stage of the merger between pension funds Pensia Viva, managed by Aviva Pensii, and Alico, managed by Alico Pe...
Ardaf Brand Dropped After Sixteen-Year History
Generali, a top ten company on the insurance market, will stop selling policies under the Ardaf brand and will use one network branded as Generali. It also plans to close a number of branche...
Vodafone Romania To Merge With Sayfone 2009
Vodafone Romania, the second largest mobile operator on the local telecom market, is set to merge with Sayfone 2009, according to a draft merger agreement published in the Official Journal o...
High Car Insurance Claims Drive Omniasig To EUR41M Loss
Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year...
Omniasig And BCR Asigurari Unable To Beat Astra Despite Merger
Omniasig and Astra continue to fight over the leading position on the general insurance market, as the cumulated revenue of Omniasig and BCR Asigurari, which merged last month, fell below As...