Prodplast (PPL), a company manufacturing plastic products, controlled by Pogonaru family, will buy plots of land with a total area of more than 34,000 sq. m and production facilities with a total area of more than 17,000 sq. m, shows a stock exchange report.
Chinese beer producer China Resources Beer Holdings Co ponders taking over SABMiller’s operations in Central and Eastern Europe, which are valued at around USD 6 billion, according to Bloomberg.
The Emerson group, with two factories in Romania in Cluj-Napoca and Oradea and more than 2,400 employees, sold the divisions Leroy-Somer and Control Tehniques to Japan’s Nidec Corporation, in a transaction of 1.2 billion dollars, including part of the operations in Romania.
According to sources in the market, Czech group P3, owned by the American fund TPG is negotiating with the gigantic Singapore fund GIC the sale of its logistics portfolio in eleven countries, including Romania, sources saying that the negotiations could be completed by the end of the year.
The American group Horizon Global reached an agreement for the takeover of the German company Westfalia-Automotive and of the construction parts manufacturer Terwa, present also in Romania, for EUR 125 million in cash and shares, from a consortium managed by the German private equity fund Deutsche Private Equity (DPE), which will become shareholder of the American company.
The Arcon group, an important player in the field of hydro and thermo insulation production in Romania, has assigned its polystyrene factories in Sfântu-Gheorghe and Bucharest to the company Hirsch Porozell, member of the Austrian group Hirsch-Servo. The transaction should be approved by the Concurrence Council.
Arkema SA agreed to buy Dutch sealant-and-adhesives maker Den Braven in a deal valued at 485 million euros ($534 million) as Chief Executive Officer Thierry Le Henaff builds on the acquisition of Bostik, the French company’s first foray into these specialty glues.
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