The merger and acquisitions market in Romania reached 898 million euros in the third quarter of this year, the value of trades tripled, the number rising by 20% compared to the same period last year, according to an analysis conducted by Deloitte Romania.
In correlation with the real estate sector in this part of Europe, management, maintenance and operation of built-up areas - which are conventionally the scope of the facility management (FM) industry in Romania - as services provided exclusively by specialized firms - appeared in Romania relatively late, after 1992, but registered a strong development, especially after the year 2000.
Business Review magazine announces the 4th edition of the Foreign Investors Summit, the most complex B2B event dedicated to increasing Romania’s competitiveness. From October 31st until November 2nd, this is Where Romania Means Business: 3 days for exclusive content sharing and proficient insights, 500 participants to do business with, 5 industries capable of moving forward Romania’s growth story, over 50 top panelists and international guests to bring you new ideas and opportunities.
CTP, the leading premium industrial parks developer and long term manager in Romania and Central and Eastern Europe, continues its accelerated growth by acquiring a logistics park, situated in the vicinity of Bucharest, Chitila Logistic Park (CLP). The transaction was concluded in September and the value of the investment reaches EUR 17.3 million. CLP has been purchased from UBM Development, the leading European real estate developer. This acquisition is part of CTP’s strategy of reaching a total leasable area of approximately 1 million m² in Romania by the end of 2018.
The first sector of the Comarnic - Braşov highway, between Rasnov and Cristian, will be executed by Alpenside - Specialist Consulting Association, based on a contract signed on Monday, worth 118 million lei.
According to the study by Euler Hermes, the automotive industry is one of the main pillars of the Romanian economy, employing over 150,000 people and contributing to 47% of exports in 2016.
The PVC processor and main materials producer for constructions market, Teraplat group, received the approval from the Competition Council to take over Politub, which operates in the water and gas pipes market.
Caroli Foods Group, a leader in the local meat processing market, has contracted a credit facility of 23 million euros from a bank syndicate formed by BCR and BRD. The two banks contributed equally to this funding.
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