The largest public offer of Fondul Proprietatea’s fourth buy-back programme launched on November 3 ended on December 2, 2014, being very attractive to investors who subscribed for 13.47 times more shares than offered – 750,000,000, representing 6 percent the fund’s share capital. Hence, the total number of shares subscribed in the offer was 10.109 billion shares, while the total number of FP shares comes to 12.437 billion....more »

Alpha Bank has acquired the insolvent residential compound developed by Indian group Asmita and British investment fund Convergence Development Limited on account of a debt of around 40 million euro. In 2006, the bank provided an 80 million euro loan for the real estate project which required initial investment of about 120 million euro....more »

Romania will receive over 441 million euro in the period 2014-2020 to fight against poverty, as the European Commission has approved its operational programme to use the new Fund for European Aid to the Most Deprived (FEAD). The money will be used to provide food to those most in need, as well as school supplies to children in difficulty, reads a press release of the Commission....more »

The Romanian Financial Supervisory Authority (FSA) has not approved the Regulation regarding the listing on foreign EU markets through the depositary interests of shares listed in Romania, because it did not meet the majority of required votes, announces Fondul Proprietatea, also pointing out that no argumentation in the support of this decision has been presented....more »

The European Bank for Reconstruction and Development is releasing a 23 million euro loan for the confectionery factory Turkey’s ETI will establish in Craiova, Romania, announces a press release. The total cost of the investment, a greenfield one, will be 40 million euro, the candy manufacturer having also been granted a 6 million euro aid by the Romanian State....more »

Banca Transilvania has announced that it is negotiating on potential acquisition of Volksbank Romania, confirming information published in the media about talks between the two banks....more »

The South African investment fund, NEPI, has closed the accelerated book build launched on November 24, the amount to be raised totaling approximately 150 million euro, funds which will be used to finance the acquisition of Promenada Mall in Bucharest....more »

New Europe Property Investment (NEPI) is running a new equity raising of about 100 million euro through an accelerated bookbuild conducted on the Johannesburg Stock Exchange and the London Stock Exchange, after last month the South African inve...more »

The European Commission approved the release of additional 262 million euro from the Cohesion Fund to cover the costs incurred by Romania with the construction of two sections of motorway, reads a press release. ...more »

The European Bank of Reconstruction and Development has acquired a 4.99 percent stake in the Bucharest Stock Exchange (BVB) as part of its strategy to promote the development of Romania’s capital markets, trough investment, technical advice a...more »