MERGER
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Major Merger On Insurance Market: Omniasig’s Name Prevails Over BCR Asigurari
The company resulting from the merger of Omniasig and BCR Asigurari, which will become the largest insurer on the Romanian market, will take the Omniasig name because the majority shareholde...
First Unofficial Meeting Of Alpha And Bancpost Bosses Over Merger
Sergiu Oprescu, executive president of Alpha Bank, and Peter Weiss, executive president of Bancpost, had a private meeting scheduled for Monday evening to unofficially discuss the domestic i...
Eurobank-Alpha Bank Set To Become Romania’s Third Largest Bank Group
The freshly announced merger between Greek lenders EFG Eurobank and Alpha Bank will propel their Romanian subsidiaries to the third position in the local system, from the lower half of the t...
Omniasig Shareholders Approve Preliminary Merger With BCR Asigurari - Sources
The shareholders of Romanian insurer Omniasig VIG on Thursday approved the preliminary merger with BCR Asigurari, the absorbing company, people close to the matter told MEDIAFAX.
Aegon Poland To Open Branch In Romania, Merge With Local Aegon Asigurari de Viata
The Polish subsidiary of Dutch insurance group Aegon will open a branch in Romania, which will merge with local life insurer Aegon Asigurari de Viata, the insurer said in a press release Tue...
Communications Ministry Favors Romtelecom, Cosmote Merger
The Communications Ministry agrees with a proposition by Hellenic Telecommunications Organization, or OTE, for a merger between telecom operators Romtelecom and Cosmote Romania, majority own...
Romanian Financial Guard, Customs Authority To Remain Separate Bodies
The Romanian Financial Guard and Customs Authority will not be absorbed by government revenue service ANAF, which will be reorganized through layoffs and the closing of some regional offices...
Asesoft Distribution Fined RON3.18M For Rushed Merger
The Romanian Competition Council has fined Asesoft Distribution with 3.18 million lei (EUR1=RON4.1084) for implementing a merger before obtaining antitrust approvals, the regulator said Tues...
Romania’s Two Bourses Should Not Merge - Sibex Future Chief
A merger between the Sibiu and Bucharest bourses would not benefit the Romanian stock market, since monopolies are not welcome in capitalism, Monday said Patrick Lyle Young, the future gener...