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Austria’s Volksbank Books EUR62M Provision For Anticipated Loss On Romanian Unit Sale
Austria’s Volksbank AG has booked provisions of EUR62 million for anticipated losses on the planned sale of its Romanian subsidiary, the Austrian lender said in a report Thursday.
PIC Hypermarkets In Craiova, Calarasi, Braila Put Up For Sale Again
The former PIC hypermarkets in Craiova, Calarasi and Braila, as well as a plot of land in Blejoi, Prahova county, will be put up for sale again on April 25, by judicial administrator Pricewa...
Romanian Entrepreneurs Buy Axigen; Radu Georgescu At His Fourth Exit
Romania’s most famous IT entrepreneur, Radu Georgescu, is now at his fourth exit, after having built companies acquired by Microsoft, Naspers and US-based private equity firm Francisco Partn...
Romania To Get EUR350M At Best For Romtelecom Stake, MP Says
Romanian government will get EUR350 million at best for its 46% stake in Romtelecom that it put up for sale last year, deputy Mircea Cazan, member of the IT&C Committee of the Chamber of Dep...
Pirelli Sells Steelcord Division, Including Romanian Facility, To Belgium’s Bekaert
Italian group Pirelli has reached an agreement to sell steelcord activity, which includes factories in Italy, Turkey, Romania, China and Brazil, to Belgian steelcord manufacturer Bekaert for...
AXA Books EUR26M Loss On Sale Of Romanian Operations
French-held insurer AXA, which decided to pull out from Romania at the end of last year, booked a EUR26 million loss on the sale of its local life insurance operations, its annual report rev...
Romania Hopes To Raise Over EUR400M From Selling 51% In Electrica
Romania plans to obtain over EUR400 million from selling 51% in state-owned electricity distributor and supplier Electrica, but the price also depends on market conditions, Gabriel Dumitrasc...
DIY Retailer Praktiker Seeks To Sell Romanian Operations
German do-it-yourself retail chain Praktiker is seeking buyers for its Romanian operations, which include 27 stores with sales of EUR142 million in 2012.
Bucharest Hotels Still Looking For Buyers
Several hotels in Bucharest put up for sale in 2008-2011 have not found a buyer so far, even though some owners have cut prices in a “lifeless” market that has not drawn the attention of any...