MERGER
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Insurance Regulator Approves Ardaf, Generali Asigurari Merger
Romanian insurance regulator CSA approved on November 22 the transfer of insurer Generali Asigurari’ policy portfolio to insurer Ardaf, and the merger of the two companies.
Alpha And Bancpost Prepare For Merger
Greek-held Alpha and Bancpost are getting ready for the merger that will create the third largest bank on the market with a loan portfolio that is about EUR220 million lighter, and 10% lower...
Private Pension Regulator Approves Merger Of Four Voluntary Funds
Romanian private pension regulator CSSPP on Tuesday authorized the final stage of the merger of voluntary pension funds managed by BRD Pensii Private, Generali Pensii Private and Onix Asigur...
Ropharma Borrows EUR2M To Finance Investments
Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) will borrow up to EUR2 million from ING Bank to finance investments, the company said in a statement Monday.
Kandia And Primola Team Up To Fight Multinationals On Romanian Chocolate Market
Two Romanian chocolate makers have joined forces to cope with competition from multinationals: Kandia – a brand that has been around for 120 years in a confectionery market that switched fro...
Alpha, Bancpost Merger Creates One Big Bank With EUR7B Loans And Just EUR3.1B Deposits
Alpha Bank Romania and Bancpost, two top 10 banks in Romania, and their clients were set to find out on Monday what the merger of their parent banks would look like, in the wake of the extra...
Ropharma Eyes EUR2M Loan To Finance Investments
Romanian generic drugs wholesaler Ropharma Brasov (RPH.RO) plans to borrow EUR2 million from ING Bank to finance medium-term investments, the company said in a statement Friday.
Economy Ministry Publishes Draft Act On Hunedoara Energy Complex
Romania's Economy Ministry has drafted a government decision on the creation of the Hunedoara Energy Complex, through the merger of energy producers Electrocentrale Deva and Electrocentrale...
Omniasig On Merger With BCR Asigurari: Our Strategy Is “No Winners And No Losers”
The employees of insurers Omniasig and BCR Asigurari, which are in the process of merging to create the largest insurance company on the Romanian market, with over EUR300 million in revenue,...