SALE
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Volksbank To Sell Romanian Unit After Repositioning
Austria’s Volksbank AG is planning to sell its Romanian subsidiary, but not before the bank is repositioned over the course of the next two to three years, the mother company said in a state...
City Mall Liquidator Optimistic About Successful Sale By Year-end
Transilvania Insolvency House, the designated liquidator of Bucharest shopping center City Mall, is confident it will find a buyer for the troubled company by year-end, after several investo...
Turbomecanica Puts Properties On Sale For RON50M Minimum
Romanian plane parts maker Turbomecanica Bucuresti (TBM.RO) on Wednesday said it plans to sell buildings and plots in Bucharest District 6, for a 50 million lei (EUR11.7 million) minimum, wi...
9.2% Stake In Conpet Sold For RON27M In Bucharest
A stake of 9.2% in oil transporter Conpet Ploiesti (COTE.RO) was traded on the Rasdaq deal market in Bucharest for 27.11 million lei (EUR6.3 million).
Belgian KBC Securities Sells Romanian Unit For Undisclosed Amount
Belgian brokerage house KBC Securities has sold its Romanian subsidiary to the firm’s general manager Sorin Apostol and equity market manager Bogdan Juravle.
Liquidator Starts Direct Negotiations For Bucharest City Mall Sale
The creditors of bankrupt Bucharest shopping center City Mall approved the start of direct negotiations for the mall’s sale, evaluated at some EUR21 million, Thursday said the unit’s liquida...
Transport Ministry To Sell 20% In CFR Marfa By Year-end
The Transport Ministry will sell 20% of its stake in freight rail company CFR Marfa by year-end and the proceedings will be transferred to the state budget in 2012, according to a draft gove...
Alro Confirms Vimetco Delays Stake Sale Due To Market Conditions
Aluminum smelter Alro Slatina (ALR.RO) Friday confirmed Dutch-based Vimetco, majority holder in the company, will delay a planned secondary public offering for a 21% stake due to unfavorable...
Vimetco To Hold On Alro Stock Until Fall - Sources
Netherlands-based Vimetco is likely to delay until fall the sale of a 21% stake in aluminum smelter Alro (ALR.RO), due to unfavorable conditions on international markets, people familiar wit...