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RCS&RDS Wants To Obtain Financing Of Up To EUR800M; Might Attract New Shareholders
Technology &Telecoms

RCS&RDS Wants To Obtain Financing Of Up To EUR800M; Might Attract New Shareholders

Romanian telecom operator RCS&RDS wants to obtain financing of up to EUR800 million and the money will be used to restructure current loans totally or partially, and might even attract new s...

Ioana Tudor · 05.04.2013 · 18:45 · 1 min
Businessman Gheorghe Iaciu Buys 23.22% In Impact, For RON6.4M
Capital Market

Businessman Gheorghe Iaciu Buys 23.22% In Impact, For RON6.4M

Romanian businessman Gheorghe Iaciu, owner of shopping center Doraly and largest stockholder of investment fund SIF Muntenia (SIF4.RO), bought Wednesday a 23.22% stake in real estate develop...

Manuela Panescu · 27.03.2013 · 19:21 · 1 min
Capital Market

SIF Moldova Wants To Redeem 10% Of Share Capital

Regional investment fund SIF Moldova (SIF2.RO) wants to redeem 10% of its share capital, valued at 76.8 million lei (EUR17.5 million).

Ioana Tudor · 28.02.2013 · 21:00 · 1 min
Largest Stock Exchange Investor Buys RON106M Worth Of FP Shares Since Start Of The Year
Capital Market

Largest Stock Exchange Investor Buys RON106M Worth Of FP Shares Since Start Of The Year

The purchases of US hedge fund Elliott in Fondul Proprietatea (FP.RO) have intensified since the beginning of this year, with the US fund bringing several million lei into the Bucharest stoc...

Manuela Panescu · 26.02.2013 · 00:00 · 2 min
Romanian Government Sells Over EUR190M Worth of Shares To Electrica Staff
Energy

Romanian Government Sells Over EUR190M Worth of Shares To Electrica Staff

The employees of Romanian state-run electricity supplier Electrica SA could buy shares in the company's privatized branches at between EUR3.17 and EUR45.26 per unit, according to the branch,...

Manuela Panescu · 20.02.2013 · 17:34 · 1 min
Rompetrol Mulls Buying Back 25% In Oil Refinery; State Considers Auction - Sources
Energy

Rompetrol Mulls Buying Back 25% In Oil Refinery; State Considers Auction - Sources

Romania is considering selling its shares in oil refinery Rompetrol Rafinare (RRC.RO) via open auction, with Rompetrol reportedly seeking to buy back a 25% stake, people close to the matter...

Florentina Dragu · 18.02.2013 · 13:36 · 1 min
Rompetrol To Buy Back Part Of Romania’s Shares In Oil Refinery
Energy

Rompetrol To Buy Back Part Of Romania’s Shares In Oil Refinery

Romania’s second-largest oil company Rompetrol Friday said it has reached an agreement with government officials to buy back an unspecified stake in its unit Rompetrol Rafinare (RRC.RO).

Florentina Dragu · 15.02.2013 · 15:57 · 1 min
Capital Market

Romanian Privatization Authority Eyes Shares Swap With SIFs For Portoflio Optimization

Romania’s privatization authority AVAS will elaborate the legislative framework enabling the exchange of minority stakes in companies that both AVAS and the regional investment funds have in...

Manuela Panescu · 08.02.2013 · 16:58 · 1 min
Top Increases On Bucharest Stock Market In January
Capital Market

Top Increases On Bucharest Stock Market In January

Small-cap stocks were the highest risers in the first month of this year, although the bulk of the money still went to better-known stocks, included in the main BET index and regional invest...

Tudor Ioana Raluca · 04.02.2013 · 00:00 · 4 min