SALE
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Romania To Approve CFR Marfa Sale Strategy Next Week
The Romanian Government will approve next week the sale strategy of railway freight carrier CFR Marfa, which stipulates the sale of the entire state-owned stake, Transport minister Ovidiu Si...
Auction Offers For Chemical Company Oltchim Accepted
The four auction offers for the sale of state-run chemical company Oltchim Ramnicu-Valcea (OLT.RO), submitted Thursday at the Economy Ministry’s privatization office OPSPI, have been accepte...
Volksbank To Sell Romanian Business, Other Non-Core Units By 2017
Austrian lender Volksbank AG will sell its Romanian business and several other non-core units by 2017, according to the bank’s reorganization strategy approved by the European Commission on...
Banks Put Foreclosed Properties Up For Sale To Rush Loss Recovery
Bankers have lost their patience with the customers falling behind with their payments and are trying to speed up recovery of the losses by putting thousands of houses and apartments foreclo...
Snack Attack Sells Factory To Czech Buyers
Snack Attack, a bakery and restaurant company, sold its factory in Balotesti, Ilfov County (near Bucharest), to Fresh Crocodile Company, which makes and distributes sandwiches on several Eur...
Plants Worth Over EUR100M Put Up For Sale Following Insolvency
The financial crisis over the past three years has “brought down” many malls, housing projects and store chains, as well as tens of plants operating in the food, industrial and construction...
Owners Of Cocor Shopping Center Sell Seaside Hotel For EUR18M
The owners of shopping center operator Cocor Bucuresti (COCR.RO) plan to sell Cocor hotel complex in Neptun seaside resort, southeastern Romania, at a starting price of EUR18 million.
Aviva Completes Sale Of Life Insurance Operations In Romania, Hungary, Czech Republic
London-based insurer Aviva announced Wednesday it has completed selling its life insurance operations in Romania, Hungary and the Czech Republic to the local subsidiaries of U.S. insurer Met...
Greek Retailer Sprider Sells 17-Store Romanian Unit For EUR640,000
Greek fashion retailer Sprider is selling its loss-incurring Romanian unit, Sprider Stores SRL, to Cyprus-registered Naqua Investments, which operates in fashion retail in Eastern Europe, fo...