stake

Enel Buys Additional Stake Of 13.6% In E-Distributie Muntenia And Enel Energie Muntenia For EUR400M

The acquisition of a further 13.6% of the share capital of the electricity distribution and sales companies operating in the Romanian region of Muntenia was finalized for a consideration of about EUR400 million, Italian utility group Enel said in a statement Monday.

Romania May Sell Additional Shares In Romgaz After Bucharest Listing

Romania’s Government might sell further shares in natural gas producer Romgaz after the company’s floating on the Bucharest Stock Exchange, but it will keep the majority stake, according to an official document obtained by MEDIAFAX.

Romania Might Sell Stake In Krivoy Rog Steel Plant To ArcelorMittal Group – Econ Min

Romania might sell its stake in the steel plant in Krivoy Rog, Ukraine, to ArcelorMittal Group, Romanian Economy Minister Adriean Videanu said Saturday after a meeting with the management of steel plant ArcelorMittal Galati.

Romanian PM Accuses Liberals Of Having Wasted Public Money

Romanian democrat liberal leader and Prime Minister Emil Boc Tuesday accused the National Liberal Party of dissipating the money got by the state after selling its 36.8% stake in the county’s largest lender Banca Comerciala Romana (BCR) back in 2006.

Dinu Patriciu, Georgian Ex-PM Buy 91% Stake In Georgian Bk For $15M

Romanian businessman Dinu Patriciu and Georgia’s former premier Lado Gurgenidze have acquired control over the People's Bank of Georgia (PBG), after purchasing 91% of the lender’s shares in a deal reported at $15 million.

Ford’s Stake In Automobile Craiova Up At 97.07% In Takeover Offer

US automaker Ford Motor Company, the majority shareholder of Romania’s auto assembly plant Automobile Craiova (AUCS.RO), bought a 0.34% stake in the plant following the takeover offer, hiking its stake at 97.07%, and will start the delisting procedures.

Czech Automotive Co AAA Auto Mulls Selling 49% Of Romanian Unit

Czech automotive company AAA Auto aims to sell a 49% stake of its Romanian division to a local partner, to gain a better entry into the local market with easier access to good-quality and liquid used cars with secure origin, which was the company’s main challenge on the Romanian market so far.

Romania’s Fondul Proprietatea Deems Entitled To Further EUR160M From BCR Sale

Romanian investment fund Fondul Proprietatea must receive further EUR160 million from the sale of the country’s largest lender by assets Banca Comerciala Romana, or BCR, to the EUR88 million already received, the fund’s director general Dana Lulache said Thursday.

Romania’s AVAS May Hike Stake In Oil Co Petrom

Romanian privatization authority AVAS might increase its stake in oil company Petrom (SNP.RO) to at least 25%, by transferring a stake from Romanian investment fund Fondul Proprietatea, in order to benefit from a firmer position in the decision-making process.