Results 1 - 25 from 56 for "exit"
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Meta Estate Trust Exits Boutique Residential Project Developed by APX Immo Property in Bucharest
11.06.2024
Holding company Meta Estate Trust has announced the total exit from the boutique residential project developed by APX Immo Property in Bucharest’s Cotroceni area. more
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Investment Fund Innova Capital Makes Three Acquisitions and One Exit in Less Than Two Years
11.05.2024
Innova Capital, a major financial investor in CEE, has made three acquisitions and an exit on the local market in the past two years. more
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P3 Discussing Potential Exit From Romania At An 8% Yield
09.25.2024
Singapore sovereign wealth fund GIC might be considering the sale of P3’s logistics project in Romania, according to real estate market data, and the shortlist is said to include CTP, WDP, as well more
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BRD Finance To Cease Operations In Romania After 20 Years
05.21.2024
BRD Finance, the consumer finance unit of BRD-SocGen, the fourth largest bank in Romania by assets, is to exit the local financial landscape after two decades in business and is in the process of more
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ROCA X Venture Capital Exits Shareholding Structure of CODA Intelligence, Acquired by US PDQ
04.12.2024
ROCA X Venture Capital in the first quarter of 2024 exited the shareholding structure of CODA Intelligence, a Romanian startup specialized in cybersecurity solutions that has been taken over by US more
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World’s Largest MVNO Lyca Mobile Shut Down Romanian Operations
01.22.2024
World’s largest mobile virtual network operator (MVNO) Lyca Mobile, based in the UK, shut down its operations in Romania at the end of last year, eight years after launch, blaming an increase in more
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Car-Sharing Company Spark To Shut Down Operations In Romania On February 1, 2024
01.11.2024
Lithuania’s Spark, a car-sharing service that allows people to rent electric cars via a mobile application, has informed its users in Romania via an in-app notification about plans to shut down the more
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Bucharest’s Main Heat Supplier ELCEN Exits Insolvency
02.06.2023
Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circuit. more
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SIF Banat-Crisana Exits Comelf Bistrita
02.02.2023
Industrial material manufacturer Comelf Bistrita (CMF.RO) has notified the Bucharest Stock Exchange that SIF Banat-Crisana (SIF1.RO) is no longer a shareholder in the company as of the end of January. more
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BRD Pensii Readies Exit from Pillar II Private Pension System
12.19.2022
BRD Pensii, which manages the Pillar II fund with the lowest net asset unit value since its launch in 2008, of RON23.49 vs RON10 in 2008, is contemplating several scenarios with regard with its exit more
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Innova And EBRD Exit Romanian Energy Sector Service Firm Energobit
09.14.2022
Polish investment fund Innova Capital and the European Bank for Reconstruction and Development (EBRD) sold the 25% stake they still owned in EnergoBit, a Romanian holding company providing end-to-end more
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Fashion Brand Orsay Shuts Down All Units in Romania
06.28.2022
French fashion brand Orsay has shut down all its physical stores in Romania, together with the online one, with part of the company’s products being now available on the online platform aboutou. more
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SIF Oltenia Seeks to Exit Eximbank Following Approval of Merger with Banca Romaneasca
06.10.2022
SIF Oltenia (SIF5.RO), as a shareholder holding 4,364,430 shares or 3.270% of Romania’s export and import bank EximBank, on Thursday expressed its intention to withdraw from the status of more
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Just Eat Takeaway To Exit Romania Starting June 1, 2022
05.10.2022
Amsterdam-based food-delivery group Just Eat Takeaway, which operates food ordering and delivery platform takeaway.com, announced on Tuesday (May 10) that it decided to discontinue operations in more
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Gucci Bucharest Store Closes Down Amid 2021 Record High Turnover
04.26.2022
Gucci boutique of Bucharest has been shut down “in glory” after turnover neared RON21 million in 2021, slightly up from RON20.7 million in 2020. This is the best result since opening. more
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Digi Exits Hungarian Market After 23 Years for EUR625M
01.03.2022
Telecommunications operator Digi Communications (DIGI.RO) on Monday evening announced completion of the sale of operations in Hungary for EUR625 million. more
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Uniqa Asigurari Getting Ready to Exit Auto Liability Insurance Segment in Romania
09.22.2021
Uniqa Asigurari is getting ready to leave the auto liability insurance (RCA) market and has filed a request to have its license for that revoked to the relevant authorities, Valentin Coroiu, Uniqa more
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Gecad Ventures Marks New Exit as IVC Evidensia Acquires PawSquad
03.09.2021
Veterinary services provider PawSquad, founded in 2015 by serial entrepreneurs Diwaker Singh and Radu Georgescu, has been acquired by IVC Evidensia, Europe’s leading veterinary care provider based more
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Yango Halts Romanian Operations in One Month
10.14.2020
Ride-hailing service Yango, owned by Russia's Yandex, will halt operations on the Romanian market after less than a year and a half since entering the market. more
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GSK’s Prescription Drugs and Vaccine Division Exits Romania
10.07.2020
Pharmaceutical giant GlaxoSmithKline, which has been operating in Romania for almost 30 years now, has decided to close its pharmaceutical representative office in the country. more
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Uber Eats Exits Romanian Market Starting June 4, 2020
05.04.2020
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Ioannis Papalekas Exits Globalworth For EUR280M
02.04.2020
Ioannis Papalekas, CEO and founder of Globalworth, has sold all his shares in this business to Czech investor Radovan Vitek and Dimitris Raptis, deputy CEO, sold 40% of his stake, while the more
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Ten Biggest Failures of Foreign Giants in Romania
01.16.2020
The most important international brands worldwide are already present in Romania where they get tens, hundreds of millions or even billions of euros in revenue, and many economy sectors are dominated more
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Private Equity Firms Got EUR22.5M Per Exit on Average in Romania in 2018
09.20.2019
Private equity firms got EUR90 million from the exits from Romania in 2018, where they sold four companies, which means an average of EUR22.5 million per deal, ZF has calculated based on the data in more
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Greek OTE Injects EUR800M into Romanian Mobile Division Capital, Paves Way for Exit
06.20.2019
Greek group OTE, the main shareholder of Telekom Romania, decided in April to inject EUR800 million to the share capital of the mobile telephony division, the former Cosmote Romania, by issuing new more