10.02.2012

Italy’s Intesa Sanpaolo has completed the merger of its Romanian subsidiaries Intesa Sanpaolo Bank and CR Firenze, the bank said in a statement Tuesday. more

09.20.2012

Paints and textured plasters producer Fabryo, controlled by investment fund Oresa Ventures, will merge with the construction materials division of Atlas Corporation group, controlled by Greek more

09.19.2012

Paint and lacquer maker Fabryo, owned by Swedish investment fund Oresa Ventures, will merge with Atlas Paints, the construction material division of Atlas Corporation, controlled by Greek businessman more

09.03.2012

Romania's private pension system regulator CSSPP last week authorized the first stage of the merger between pension funds Pensia Viva, managed by Aviva Pensii, and Alico, managed by Alico Pensii, with more

08.29.2012

Generali, a top ten company on the insurance market, will stop selling policies under the Ardaf brand and will use one network branded as Generali. It also plans to close a number of branches and more

08.01.2012

Vodafone Romania, the second largest mobile operator on the local telecom market, is set to merge with Sayfone 2009, according to a draft merger agreement published in the Official Journal of Romania. more

06.19.2012

Omniasig, a company controlled by Vienna Insurance Group (VIG), posted a loss of 181 million lei (EUR41 million) last year because of the surge in car policy claims. 2011 was the first year in the red more

06.05.2012

Omniasig and Astra continue to fight over the leading position on the general insurance market, as the cumulated revenue of Omniasig and BCR Asigurari, which merged last month, fell below Astra’s in more

05.22.2012

The current managers of Intesa Sanpaolo will run the new bank, and the terms of the managers and of the members of the supervisory board of CR Firenze will end after the merger becomes effective. more

05.03.2012

The shareholders of Romanian energy complexes Craiova, Rovinari and Turceni on Monday approved their merger into Complexul Energetic Oltenia, according to a report sent Thursday to Fondul more

05.01.2012

The merger of Romanian insurers BCR Asigurari and Omniasig, controlled by Austrian group Vienna Insurance Group (VIG), has been completed and the new company has become the leader of the local more

04.13.2012

Omniasig and BCR Asigurari, controlled by Austrian insurer Vienna Insurance Group (VIG), will as of next month become one company with 2,400 employees and a territorial network of 350 branches. more

04.02.2012

FirstFarms, a company held by Danish investors, which operates a 7,500- hectare farm near Buzau (SE Romania), wants to merge with other Danish companies operating in the field of agriculture in more

03.21.2012

Romania's insurance regulator CSA on Tuesday authorized the merger of Omniasig VIG and BCR Asigurari VIG into the market's new leader. more

03.15.2012

The planned merger of Greek groups Alpha Bank and EFG Eurobank, which was supposed to create the third-largest bank by assets in Romania, only survived for six months, and was officially buried by the more

02.28.2012

Shareholders of Romanian insurer BCR Asigurari decided Monday, February 27, to raise the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million, part of its merger with more

02.03.2012

Merging local and parliamentary elections might affect the voting process and restrict the right to vote, considering the procedure’s complexity, the Romanian Constitutional Court said Friday. more

02.01.2012

Romania's Justice Ministry has developed a draft emergency ordinance to implement the simplified rules on floated company mergers and divisions, following a warning from the European Commission. more

01.31.2012

After being announced in late August 2011, the merger of Greek banking groups Alpha Bank and Eurobank, which should have created the third-ranking lender by assets on the Romanian market – Alpha more

01.27.2012

Shareholders of insurer BCR Asigurari will discuss on February 27 raising the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million within its merger with insurer more

01.25.2012

Romania's Constitutional Court on Wednesday overruled the law setting this fall’s parliamentary and local elections are to be held simultaneously. more

01.18.2012

Romania's Constitutional Court has postponed the debate on the constitutionality of the Law combining parliamentary and local elections for January 25, in order to learn its financial impact on the more

01.18.2012

A consolidation of the banking system might occur where the market position and investment level no longer justify the presence of a bank in Romania or if they fail to find certain niches, believes more

01.18.2012

The largest merger on the Romanian insurance market is only halfway to completion, but the outlines of the new company resulting from the consolidation of Omniasig and BCR Asigurari’s business are more

01.18.2012

Bancpost and Alpha Bank, the Romanian units of Greek banks EFG Eurobank and Alpha Bank, which should have completed their merger in legal terms by the end of 2011, do not have a calendar or a plan to more