The Diplomat Bucharest

Ahold Delhaize announces the completion of its acquisition of Romanian grocery retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately 1.3 billion euros Enterprise Value. The acquisition doubles Ahold Delhaize’s retail footprint in Romania, which currently operates nearly 1,000 stores under the Mega Image brand. https://lnkd.in/dVVFmWUM

The companies PPC Energie and PPC Energie Muntenia, part of the PPC Group in Romania, have merged as of December 31, 2024. This merger marks an important step in the strategy of the PPC Romania group of companies, with the aim of streamlining the electricity and natural gas supply business, reducing the impact of the volatility of the Romanian energy market and improving strategic flexibility so that customers benefit from quality services at competitive costs. https://lnkd.in/dCF3nCqb

The Foreign Investors Council (FIC) states that fiscal stability and predictability are absolutely necessary attributes to build a relationship of trust between investors and public policymakers. Failure to comply with public consultation deadlines in the legislative process is a negative signal, which increases the degree of uncertainty for the future of investments in Romania. FIC welcomes the Government’s efforts to reduce spending, but the emergency ordinance that also includes the introduction of new taxes and tax increases did not provide the necessary time for a careful analysis and for the formulation of points of view from the business environment, a release reads. https://lnkd.in/dZpQAPzS

RTPR has assisted Grup Serban Holding and its subsidiaries in relation to a 73 million euros syndicated facility for the refinancing of the existing debt and the development of its activity. The financing was coordinated by BRD Groupe Société Générale and Banca Transilvania, who have also acted as Documentation Agents and Original Lenders, while Raiffeisen Bank Romania acted as Sustainability Agent and Original Lender. https://lnkd.in/d5NYSWFR

Deloitte Romania assisted AQUILA, one of the leaders in the integrated distribution and logistics services for the fast-moving consumer goods market in Romania and the Republic of Moldova, in its expansion on the Hungarian market through the acquisition of KITAX, one of the top five distribution companies in its sector. The agreement was signed in December 2024, for 14 million euros, and is subject to approval from the Hungarian authorities and Aquila General Shareholders Meeting. https://lnkd.in/d53eiddc

ROCA Industry announces that today the Mureș Trade Register approved the merger between Eco Euro Doors and Workshop Doors, wholly owned subsidiaries of the company. This marked the final step in the entire merger process between the two subsidiaries, the merged company’s name being Veltadoors. https://lnkd.in/ey6Dvn5m

Real estate developer NUSCO has signed a partnership agreement through which Hyatt will open its first hotel unit in Bucharest, in one of the largest urban regeneration projects in Romania – Nusco City. The Hyatt operator is entering the Bucharest market with the Hyatt Place and Hyatt House brands in the mixed-use Nusco City development in the north of the capital. https://lnkd.in/e_B3RVvF

After the first 9 months of 2024, Allianz-Tiriac Asigurari reached a sales volume of 2.7 billion RON, up 6 percent compared to the same period last year. Total gross claims expense increased by 30 percent and approached 2 billion RON at the end of September 2024. “In 2024, we continued our growth trajectory and amplified our contribution to supporting the Romanian economy. Through attention, perseverance and hard work, we managed to capitalize on opportunities in the life and health insurance area, which have become the most important optional business line in our portfolio. Life and health insurance has been growing rapidly for six years at Allianz-Țiriac, an evolution that confirms the need and interest for protection, but also the sustained effort of the entire team and our distribution partners. The year 2024 marks the anniversary of 30 years of activity of Allianz-Țiriac on the insurance market in Romania, a period in which we contributed 20 billion euros to support the local economy and our individual and corporate clients”, said Virgil Soncutean, CEO of Allianz-Țiriac Asigurări. https://lnkd.in/dQTCWT2U

EIT InnoEnergy, supported by the European Institute of Innovation and Technology (EIT), a body of the European Union, announces the appointment of Mikołaj Budzanowski as its new Board Member and CEO of EIT InnoEnergy Central Europe. Effective January 2025, this appointment is set to enhance the organisation’s impact on the growth of cleantech across Central Europe, driving significant advancements towards sustainable industrial practices. https://lnkd.in/dP4Jb-4q

This year has been a mixed bag for Romania’s overall achievements and results, with both robust infrastructure activity, a strong recovery in real estate investments, and an economy that underperformed due to lower-than-expected GDP growth, according to Colliers consultants. While Bucharest’s office market experienced a relatively modest year, the retail sector saw record results, driven by a notable increase in consumption. The residential market delivered quite solid results, though signs of a supply shortage are emerging. The industrial market, after several record-breaking years, experienced a slowdown, while the tourism sector hit its highest levels in three decades, fueled primarily by local travelers. https://lnkd.in/d_VajgjG