split
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Companies
Insolvent Concefa Sibiu To Split In Two
The creditors of Romanian insolvent construction company Concefa Sibiu (COFI.RO) approved the company’s reorganization plan which, once implemented, will enable the company to split and transfer a part of its patrimony as a whole to a newly founded firm.
Energy
GDF SUEZ Energy Romania Wants To Split Congaz Constanta And Take Over Its Assets
GDF SUEZ Energy Romania, the majority shareholder of Congaz Constanta, wants to divide the company, without liquidating it, and take over all its assets.
Social/Politics
Romania's Ruling Coalition Splits As Liberals Pull Out
Romania's ruling Social Liberal Union has broken up as leaders of the Liberal Party resolved to recall the party's ministers from the Cabinet.