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SALE

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Erste Completes Sale Of Ukrainian Subsidiary
Banks-Insurance

Erste Completes Sale Of Ukrainian Subsidiary

Austrian Erste Group Bank AG (EBS.RO) Tuesday said it has completed the sale of its Ukrainian subsidiary to the owners of Fidobank, a group of companies ultimately controlled by Ukrainian ba...

Florentina Dragu · 30.04.2013 · 10:43 · 1 min
Nine Investors Interested In Romanian Low-Cost Airline Blue Air
Companies

Nine Investors Interested In Romanian Low-Cost Airline Blue Air

Romanian low-cost airliner Blue Air, up for sale, announced Wednesday it received bids and letters of intent from nine prospective investors, mostly foreign.

Oana Gavrila · 24.04.2013 · 18:09 · 1 min
Tuca Zbarcea & Asociatii Law Firm Advised Piraeus On Sale Of ATE Bank Romania
Banks-Insurance

Tuca Zbarcea & Asociatii Law Firm Advised Piraeus On Sale Of ATE Bank Romania

Romanian law firm Tuca Zbarcea & Asociatii has advised Greece’s Piraeus Bank on the EUR10.3 billion sale of its 93.27% stake in ATE Bank Romania, the law firm said in a statement Friday.

Florentina Dragu · 19.04.2013 · 14:40 · 1 min
Greece’s Piraeus Confirms Sale Of ATE Bank Romania For EUR10.3M
Banks-Insurance

Greece’s Piraeus Confirms Sale Of ATE Bank Romania For EUR10.3M

Greece’s Piraeus Bank has sold its 93.27% stake in ATE Bank Romania to local businessman Dorinel Umbrarescu for EUR10.3 million, the Greek lender said in a statement Thursday.

Florentina Dragu · 18.04.2013 · 12:44 · 1 min
Several Investors Interested In Buying Blue Air
Companies

Several Investors Interested In Buying Blue Air

Businessman Dan Adamescu, Mirica Dumitrescu - owner of Romanian airline Medallion Air, which operates charter flights, an investor from Doha, a representative of an Italian-based airline and...

Tudor Ioana Raluca · 18.04.2013 · 00:00 · 1 min
Piraeus Sells ATE Bank Romania To Local Investors For EUR10M - Sources
Banks-Insurance

Piraeus Sells ATE Bank Romania To Local Investors For EUR10M - Sources

Greece’s Piraeus Bank Wednesday sold the Romanian subsidiary of ATE Bank to local investors for about EUR10 million, people familiar with the matter told Mediafax.

Ioana Tudor · 17.04.2013 · 18:48 · 1 min
Bankrupt Armonia Mall Up For Sale Again For 30% Off
Real Estate

Bankrupt Armonia Mall Up For Sale Again For 30% Off

Creditors of bankrupt shopping center Armonia Mall in Braila, eastern Romania, have taken 30% off their asking price and hope to sell it for EUR14.85 million after its previous price tag, of...

Oana Gavrila · 17.04.2013 · 15:56 · 1 min
Suceava Authorities To Sell 5-Ha Land For Power Plant Construction
Energy

Suceava Authorities To Sell 5-Ha Land For Power Plant Construction

Local authorities in Suceava, northeastern Romania, will sell a five-hectare plot of land, for EUR315,000, to industrial engineering company Adrem Invest which previously leased it in view o...

Ecaterina Craciun · 17.04.2013 · 12:40 · 1 min
Blue Air Put Up For Sale
Automotive

Blue Air Put Up For Sale

Romanian low-cost airline company Blue Air, owned by businessman Nelu Iordache, has been put up for sale and several Romanian and foreign investors have shown interest in the company, people...

Ioana Tudor · 11.04.2013 · 16:44 · 1 min