“Raiffeisen Investment Romania will close down on July 1, as part of the group’s reorganization strategy,” Filipescu said in a statement.
Founded in 1998, Raiffeisen Investment Romania is one of the largest consultancy companies on the local mergers and acquisitions market.
The company provided consultancy services on various transactions, including the sale of pharmaceuticals company Labormed Pharma to private equity fund Advent International and the acquisition of local insurer BT Asigurari by French Groupama.
Apart from Raiffeisen Investment Romania, Raiffeisen Bank International operates five other units on the local market, namely Raiffeisen Bank, Raiffeisen Banca pentru Locuinte, Raiffeisen Leasing, Raiffeisen Capital&Investment and Raiffeisen Asset Management.