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Investments

Rockwool Group invests 50 million euros in a basalt mineral wool plant near Ploiesti

Danish company ROCKWOOL Group is investing approximately 50 million euros in a basalt mineral wool plant that will create around 150 direct jobs and another 300 indirectly for services and logistics. The new production unit will be located on a plot of approximately 30 hectares in Ariceştii Rahtivani commune near Ploieşti, Prahova county, and will be the first basalt mineral wool factory of ROCKWOOL Group in Romania. This project will strengthen the Group's strong presence in Romania, a market that has been active for almost 20 years through its local sales branch.

FIC study shows drop of trust in the local business environment

The most recent results of the FIC Business Sentiment Index (carried out in March 2018) came to confirm the significant drop in trust recorded last year in spite of the fact that 54% of respondents are anticipating a growth in their revenues.

Over 70% of respondents said that events in the past 6 months (the reference period) have lowered their trust in the local business environment and believe this has deteriorated.

Unilever acquired Romanian ice cream producer Betty Ice

Unilever takes over local ice cream maker Betty Ice, one of the most important players on the on the local ice cream producers market.

Betty Ice owns a factory in Suceava with a capacity of 120 tons a day and has its own stores in some important cities as well as a network of over 100 distribution kiosks all over the country. Betty Ice was founded 25 years ago and its turnover in 2016 reached 40 million euros, up 10% from 2015.

Garanti Bank lends 14 million RON to Romanian train manufacturer Softronic

Garanti Bank granted a RON 14 million loan to Softronic, the only manufacturer of Electric Multiple Unit trains and electric locomotives in Southeastern Europe, for the production of Hyperion 3, the most modern means of rail transportation in Romania. The new train will be launched in the second half of 2018.

Private equity firm Enterprise Investors sold Macon group to Xella Group.

Xella has signed an agreement with two Polish private equity funds managed by Enterprise Investors (EI) to acquire the Macon Group. The Romanian building materials producer operates the Simcor Var lime plant as well as producing concrete and tile products. The transaction is subject to approval by the relevant competition authorities. The deal is expected to be completed in the first half of 2018. No value for the acquisition has been disclosed.

In Q2 2018 Deloitte Romania assists in transactions exceeding half a billion EUR

Radu Lucianu takes over 55 percent of Romprim shares

Rockwool Group invests 50 million euros in a basalt mineral wool plant near Ploiesti

Wolf Theiss assisted the Lagardere Group on sale of its radio network

FIC study shows drop of trust in the local business environment

Unilever acquired Romanian ice cream producer Betty Ice

Garanti Bank lends 14 million RON to Romanian train manufacturer Softronic

Private equity firm Enterprise Investors sold Macon group to Xella Group.