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Volksbank Romania Transferred To VBI Beteiligungs GmbH Ownership
Banks-Insurance

Volksbank Romania Transferred To VBI Beteiligungs GmbH Ownership

Lender Volksbank International has transferred control of Volksbank Romania to a special vehicle, VBI Beteiligungs GmbH, with an identical shareholding structure, where Osterreichische Volks...

Andrei Cîrchelan · 31.10.2011 · 11:18 · 1 min
Capital Market

US’s Templeton Asks For Extended Powers At Proprietatea Fund

American company Franklin Templeton, manager of the EUR3.6 billion assets of regional investment fund Fondul Proprietatea (FP.RO), is asking shareholders to allow it to decide on its own on...

Roxana Pricop · 24.10.2011 · 00:00 · 3 min
Banks-Insurance

EBRD Buys Minority Stake In CallPoint New Europe For EUR3M

The European Bank for Reconstruction and Development recently bought a minority stake, for EUR3 million, in Bulgarian firm CallPoint New Europe, which has call center operations in Romania a...

Andrei Cîrchelan · 19.10.2011 · 13:35 · 1 min
Foreigners’ Holdings In Proprietatea Fund Rise To 45% In September
Capital Market

Foreigners’ Holdings In Proprietatea Fund Rise To 45% In September

Foreign investors increased their holdings in Romanian investment fund Fondul Proprietatea (FP.RO) to 45.13% in September, from 43.04% a month earlier, the fund said in a statement Friday.

Florentina Dragu · 07.10.2011 · 10:37 · 1 min
Capital Market

SIF Banat-Crisana Calls Shareholder To Vote On BCR Stake Sale

The managing board of regional investment fund SIF Banat-Crisana (SIF1.RO) called a shareholder meeting for November 3, to discuss options for the stake held in lender BCR, at the beckoning...

Andrei Cîrchelan · 30.09.2011 · 13:48 · 1 min
SIF Muntenia Holders Allow Managers To Sell BCR Stake
Capital Market

SIF Muntenia Holders Allow Managers To Sell BCR Stake

The shareholders of Romanian regional investment fund SIF Muntenia (SIF4.RO) allowed the managing board to decide whether to sell or keep the BCR stake, Thursday said Petre Szel, president o...

Andrei Cîrchelan · 22.09.2011 · 14:48 · 1 min
Ausnit: Government Needs To Expand Fondul Proprietatea’s Share Capital
Capital Market

Ausnit: Government Needs To Expand Fondul Proprietatea’s Share Capital

Steven Ausnit, the son of interwar period industrialist Max Ausnit and a major private investor in Fondul Proprietatea (FP.RO), asked the government to add new assets to the fund’s share cap...

Roxana Pricop · 08.09.2011 · 00:00 · 2 min
Capital Market

Romania's Stake In Proprietatea Fund Shrinks To 19%

The Finance Ministry transferred a total 6.35% in investment fund Fondul Proprietatea (FP.RO) as compensation in June, thus reducing its stake to 18.9%, while foreign companies remained the...

Andrei Cîrchelan · 08.07.2011 · 18:41 · 1 min
Roibu Says Romania Lost Dominance Among Oltchim Holders
Capital Market

Roibu Says Romania Lost Dominance Among Oltchim Holders

Romanian state lost dominance among shareholders of chemical company Oltchim (OLT.RO) regarding such decisions as share capital increases and procurement, after German PCC SE and British Car...

Andrei Cîrchelan · 05.07.2011 · 13:36 · 1 min