OMV Petrom said that it made its first liquefied natural gas (LNG) delivery to Damen Shipyards Mangalia in Mangalia, Romania. The South-Eastern European energy company said that the LNG product was used for fueling a ship equipped with LNG engines. It is the first ship of this type that has been constructed in Romania, in […]
E-P Rail, a Romanian freight rail operator, has selected Switzerland-based logistics digitization company Nexxiot for providing cloud-based data analytics services to its fleet of locomotives and railcars. Over the coming months, the Swiss IoT company will start the deployment of its onboard sensor technology, which will help E-P Rail to come up with new and […]
The European Commission (EC) has approved the €830 million sale of Dutch insurance group Aegon’s Central and Eastern European (CEE) businesses to Vienna Insurance Group Wiener Versicherung Gruppe (VIG). The deal, which was announced in November 2020, has been granted the competition law clearance by the European regulator. Vienna Insurance is in the process of […]
Dutch insurance group Aegon has agreed to sell its insurance, pension, and asset management business in Hungary, Romania, Poland, and Turkey for €830 million to Vienna Insurance Group Wiener Versicherung Gruppe (VIG). The sale of the Central and Eastern European businesses will simplify the footprint of Aegon, while consolidating its balance sheet. Lard Friese – […]
Orange Romania has signed a deal to acquire a 54% stake in Romanian telecommunications company Telekom Romania Communications (TKR) for €268 million from Greek technology company OTE. The remaining 46% stake in the fixed telecom operator is owned by the Romanian government. Orange Romania is a subsidiary of French telecommunications giant Orange. According to Orange, the […]
Claren Energy, a Canadian oil and gas company, has agreed to sell its 100% stake in the Bobocu production license, containing the Bobocu gas field, and located onshore Romania to Lalea Energy for an undisclosed price. In this connection, the companies have signed a share purchase agreement, under which Lalea Energy will take over the […]
TransPerfect, a New York-based language and technology solutions provider, has opened its first office in Romania, located in Bucharest. The TransPerfect Bucharest office will mainly serve as a technology research and development (R&D) hub working on its GlobalLink translation management technology. The new office will also serve as a tech incubator that will promote innovative […]
Unilever acquisition of Betty Ice : Unilever, a British-Dutch multinational consumer goods firm has clinched a deal to acquire Betty Ice, a Romanian ice cream company for an undisclosed price to bolster its ice cream business. Betty Ice is among the leading ice cream manufacturers in Romania, with a turnover of €30 million. The Romanian […]