09.19.2012

Austrian lender Volksbank AG will sell its Romanian business and several other non-core units by 2017, according to the bank’s reorganization strategy approved by the European Commission on more

09.13.2012

Bankers have lost their patience with the customers falling behind with their payments and are trying to speed up recovery of the losses by putting thousands of houses and apartments foreclosed across more

08.30.2012

Snack Attack, a bakery and restaurant company, sold its factory in Balotesti, Ilfov County (near Bucharest), to Fresh Crocodile Company, which makes and distributes sandwiches on several European more

08.13.2012

The financial crisis over the past three years has “brought down” many malls, housing projects and store chains, as well as tens of plants operating in the food, industrial and construction more

08.06.2012

The owners of shopping center operator Cocor Bucuresti (COCR.RO) plan to sell Cocor hotel complex in Neptun seaside resort, southeastern Romania, at a starting price of EUR18 million. more

08.01.2012

London-based insurer Aviva announced Wednesday it has completed selling its life insurance operations in Romania, Hungary and the Czech Republic to the local subsidiaries of U.S. insurer MetLife. more

07.29.2012

Greek fashion retailer Sprider is selling its loss-incurring Romanian unit, Sprider Stores SRL, to Cyprus-registered Naqua Investments, which operates in fashion retail in Eastern Europe, for more

07.18.2012

The shareholders of shopping center operator Cocor Bucuresti (COCR.RO) have approved the sale of all its assets to restructure the company, and the asking price of shopping center Cocor in downtown more

06.29.2012

Romania’s largest oil company OMV Petrom (SNP.RO) said Friday it sold subsidiary Petrom LPG to Crimbo Gas International, exiting the liquid petroleum gas bottling and distribution market. more

05.31.2012

London-based oil company Regal Petroleum said Thursday it will sell its subsidiary in Romania to Zeta Petroleum for $650,000. more

05.07.2012

Volksbank Austria will sell its 51% stake in the vehicle that controls Volksbank Romania “under the best terms and as soon as possible,” according to the set of conditions part of the group’s more

04.05.2012

Hungary’s MKB Bank Zrt Thursday signed an agreement with a consortium of investors backed by international asset management company PineBridge Investments to sell its 92.4% stake in Romanian more

03.26.2012

Bulgarian Ellatzite Med Ad was disqualified from the auction to buy Romanian copper mining firm Cupru Min, which leaves Australian OZ Minerals, Canadian Roman Copper Corp. and Dutch Dundee Holding to more

03.13.2012

The number of Romanian hotels and boarding houses up for sale at the seaside and in mountain areas rose 30% this year compared with the number registered last fall, with prices ranging from EUR11,000 more

03.07.2012

Franklin Templeton, the manager of Romanian investment fund Fondul Proprietatea (FP.RO), has selected U.S. Citigroup Global Markets Limited as exclusive broker of the sale of EUR527.6 million worth of more

03.06.2012

Investment fund Fondul Proprietatea (FP.RO) on Tuesday announced the appointment of Citigroup Global Markets Limited as intermediary in the sale of stocks in several unlisted power and gas more

02.20.2012

The shareholders of technological lines maker Uzuc (UZC.RO), part of the Serviciile Comerciale Romane group, owned by businessman Stefan Vuza, approved the sale of five plots in Ploiesti (60 km north more

02.01.2012

Poland-based investment fund Innova Capital plans to sell its 92% stake in Romanian bottled water wholesaler La Fantana sometime this year, market sources said Wednesday. more

01.09.2012

The three-star Moneasa hotel, in Western Romanian county Arad, was put on sale for EUR4.6 million, the unit’s owner, Nicoara Cret, told MEDIAFAX more

01.02.2012

About 25,000 apartments were put up for sale in Bucharest in 2011, up over 6% on the year, according to a report by realty portal anunturiparticulari.ro. more

12.21.2011

Beer producer Heineken, no. 2 on the Romanian market, could get at least EUR15 million from selling the 27,200 square-meter plot near the main train station in Bucharest, according to ZF estimates. more

12.15.2011

Greece’s ATEbank will launch an open public tender to sell its 93.27% stake in ATEbank Romania, as part of a wider restructuring program, the Greek lender said in a statement Thursday. more

12.01.2011

Businessman Radu Enache, owner of the Continental hotel chain, sold the Ibis Hotel in Sibiu evaluated at EUR10 million in a sale&lease back deal, company officials say. The contract was signed with more

11.25.2011

Investors interested in buying Uzina Electrica Zalau, sold by city hall at a starting price of EUR10.6 million, can file bids by January 5, and bids will be opened on January 12. more

11.14.2011

The public offer whereby the Romanian Economy Ministry wants to sell 15% in national power grid operator Transelectrica (TEL.RO) will most likely be launched in spring next year, one of the brokers more