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Banks-Insurance
2005 Provision Values Ion Tiriac’s UniCredit Tiriac Stake At 3.6 Times The Net Asset
The UniCredit group, which will take over the 45% stake of businessman and former tennis player Ion Tiriac in UniCredit Tiriac Bank this month, was bound to buy it at a multiple of 3.6 to 3.8 of the net asset value under a 2005 contract. This means Tiriac migh...
Capital Market
Petrom Should Be Worth EUR10B Based On Its 2013 Record Profit
The record 2013 net profit Romania’s largest company OMV Petrom (SNP) announced on Wednesday, 4.82 billion lei (EUR1.09 billion), should drive its value to more than EUR10 billion if conside...