SUBSIDIARIES
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AROBS Calls Shareholders To Approve Merger By Absorption Of Five Subsidiaries
AROBS Transilvania Software, the biggest IT group listed at the Bucharest Stock Exchange, has convened the extraordinary general meeting of shareholders for March 3 to vote on approving the merger by absorption of five subsidiaries fully owned by AROBS, as per...
Romanian Fondul Proprietatea Sells Stakes in Electrica Subsidiaries for RON752M
Romanian investment fund Fondul Proprietatea (FP.RO) announced Wednesday it has sold its stakes in the subsidiaries of electricity distribution and supply company Electrica for a total of RO...
Romania Banking System To Remain Unscathed If Greece Decides To Sell Subsidiaries
A possible decision from Greek banks to sell their Romanian subsidiaries would have no negative effects on the local banking system, the head of Romanian Banking Association said Monday.
Foreign Bank Subsidiaries Fight Over Romanians’ Euro Savings
Romanians’ euro savings have become more important than ever for bankers who fear they will lose support from their parent banks, so they have raised interests towards 5% a year. Ailing bank...