takeover

Terapia Ranbaxy, ZTE Interested In Taking Over Nokia’s Romanian Facility

Romanian pharmaceutical company Terapia Ranbaxy and ZTE, one of the largest Chinese producers of telecom equipment, are interested in taking over Nokia's production halls at Jucu, once the plant closes, Alin Tise, president of the Cluj County Council, said on Tuesday.

Businessman Elan Schwartzenberg Confirms Realitatea TV Takeover

Businessman Elan Schwartzenberg on Saturday confirmed he has taken over a 92% stake in TV station Realitatea TV owned by Sorin Ovidiu Vintu, who is currently under arrest on charges of blackmail.

Romanian Leasing Debtors May Sell Contracts On Specialized Website

Romanian leasing clients who are unable to pay their installments may transfer their leasing contract to other interested people, contacted through a dedicated website, which was launched Tuesday.

Ford National Sales Co In Romania To Sell, Service Ford Vehicles As Of Aug 2010

The new Ford National Sales Company for Romania, established by Ford Europe, will take full responsibility for the marketing, sales and service of Ford vehicles as of August 2010 and Paul Flanagan will be general manager of the new company, Ford Europe said Wednesday.

Romanian Bran Castle Officially Becomes Private Property

Bran Castle in Romania has officially been transferred into the ownership of Archduke Dominic of Habsburg and it is running as a private museum as of 12.00 p.m, Corin Trandafir, the attorney of the House of Habsburg, told MEDIAFAX.

Deutsche Post Completes Acquisition Of Romanian Carrier Cargus International

Carrier and logistics company DHL International Romania announced Wednesday that the takeover of Romanian carrier company Cargus International by Deutsche Post was completed.

Canadian Group SNC-Lavalin Takes Over Romania’s Romproiect

Canadian group SNC-Lavalin took over Romanian engineering company Romproiect and will soon complete the purchase of another company on the same segment, SNC-Lavalin communications manager Dominique Morval told MEDIAFAX.

Czech AERO Vodochody To Pay EUR16.3M For Romania’s Avioane Craiova

Romania’s privatization authority AVAS will negotiate with Czech AERO Vodochody the sale of the main stake in the country’s airplane maker Avioane Craiova, the Czech company’s offer reaching EUR16.3 million, AVAS said Wednesday.

Germany’s Commerzbank Mulls Taking Over Romania Carpatica Bk – Sources

Germany’s Commerzbank, the second largest by assets, mulls taking over Romania’s Carpatica Bank (BCC.RO), sources on the banking market said Wednesday.

Greek Group OTE To Buy Out Cosmote Hldrs, Take GSM Op Off Athens Bourse

Greek telecom company OTE is obliged by current regulations to acquire the shares it does not hold in Romanian GSM operator Cosmote, for EUR26.25 per share, as Monday, March 31, was the last day of trade for Cosmote on the stock market, OTE announced.

Siveco Romania Buys Bulgaria’s IT Co Latona For EUR3M

IT solution developer Siveco Romania paid EUR3 million for the entire stake in peer company Latona Bulgaria, Siveco said in a statement Thursday.