MERGER
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Romania To Amend Merger Rules, Following EC Warning
Romania's Justice Ministry has developed a draft emergency ordinance to implement the simplified rules on floated company mergers and divisions, following a warning from the European Commiss...
To Merge Or Not To Merge, That Is Alpha Bank’s Question
After being announced in late August 2011, the merger of Greek banking groups Alpha Bank and Eurobank, which should have created the third-ranking lender by assets on the Romanian market – A...
BCR Asigurari To Change Name To Omniasig, Raise Its Share Capital By EUR47.7M
Shareholders of insurer BCR Asigurari will discuss on February 27 raising the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million within its merger with insur...
Constitutional Court Overrules Law Merging Local, Parliamentary Elections
Romania's Constitutional Court on Wednesday overruled the law setting this fall’s parliamentary and local elections are to be held simultaneously.
Omniasig-BCR Asigurari Merger Awaits Watchdog’s Approval, Final Shareholder Vote
The largest merger on the Romanian insurance market is only halfway to completion, but the outlines of the new company resulting from the consolidation of Omniasig and BCR Asigurari’s busine...
KPMG: Banking System Might See Consolidation
A consolidation of the banking system might occur where the market position and investment level no longer justify the presence of a bank in Romania or if they fail to find certain niches, b...
Bancpost, Alpha Bank Await Merger With Staff Cuts And Balance Sheet Reduction
Bancpost and Alpha Bank, the Romanian units of Greek banks EFG Eurobank and Alpha Bank, which should have completed their merger in legal terms by the end of 2011, do not have a calendar or...
Omniasig Valued At EUR230M Before Merger With BCR Asigurari
Romanian insurer Omniasig has been valued at 996.22 million lei (about EUR230 million) before merger with BCR Asigurari, the absorbing company, according to the merger plan published in the...
BCR Asigurari To Change Name To Omniasig And Lower Capital Before Merger
Romanian insurer BCR Asigurari will lower its share capital by 80.2 million (EUR18.5 million), to RON43.19 million, to cover losses posted before the merger with Omniasig Vienna Insurance Gr...