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The management of Romanian refinery Oltchim (OLT.RO) has agreed to meet with German minority shareholder PCC SE and discuss the latter’s proposed alternatives to mend the company’s
The International Monetary Fund has asked Romania’s Government to transfer thermal power producer Electrocentrale Bucuresti (ELCEN) to the Economy Ministry and begin privatization procedures
latest letter of intent to the IMF.
Greece’s ATEbank will launch an open public tender to sell its 93.27% stake in ATEbank Romania, as part of a wider restructuring program, the Greek lender said in a statement Thursday
Overall costs are expected to reach RON2.75 billion. The figures are similar to the projections presented at the beginning of the year.
Romanian investment fund Fondul Proprietatea Thursday said its net profit inched up 0.5% to 536 million lei (EUR123.4 million) in November, from RON533.4 million a month earlier.
Rominserv provided services to Rompetrol units worth $850 million in the last 10 years, the company said. The Rompetrol Group is fully owned by Kazakhstan’s KazMunayGas.
SIF Oltenia (SIF5.RO) was the only fund to see a decrease in net asset value, to RON1.444 billion, down 0.9% on the month.
Regional investment fund SIF Oltenia (SIF5.RO), the only SIF not to sell its BCR stake to Austrian Erste, contributed 37.1 million lei (EUR8.54 million) to a share capital increase
EBS.RO) on Monday announced it has taken over another 6% in Romanian lender BCR, following deals struck with the five regional investment funds, or SIFs, widening its overall stake to
