Tei Group, a major player in the Romanian pharmaceutical retail and Paval Holding, the investment vehicle controlled by Dragosand Adrian Paval - founders of Dedeman DIY stores, announced the conclusion of a partnership under which Pav?l Holding takes over a 30% package of Tei Pharmacy and Bebe Tei. The value of the transaction was not disclosed. Local entrepreneur Roxana Maftei founded Tei Group. Clifford Chance Badea, the local office of global law firm Clifford Chance, advised Grupul Tei, while KPMG Legal advised Paval Holding. "Beyond its financial capacity, Paval Holding will contribute with its experience in the development of a network of physical stores, as well as its expertise in efficient financial management. Through this partnership, the Tei Group aims to move to the next stage of its evolution, benefiting as much as possible from the know-how, scalability, but also from the financial solidity that Pav?l Holding brings," Roxana Maftei said, Wall-street.ro reported. Tei Pharmacy and Bebe Tei are businesses with local capital that have registered a remarkable evolution in recent years. Founded in 1992, Tei Pharmacy specializes in pharmaceutical retail.
Far-right populist Călin Georgescu cannot run in Romania's May presidential elections after the Constitutional Court (CCR) rejected on Tuesday, March 11, all challenges against the Central Electoral Bureau's (BEC) decision to invalidate his candidacy. The top court's ruling is final and binding. "I want to tell you...
Romania is represented at two of the most important European book fairs this week, in London and Brussels, providing the Romanian literary scene with access to a wider audience. Both fairs reunite tens of thousands of visitors in events, lectures, and launches. Romania at the London Book Fair The Romanian Cultural Institute (ICR) is organizing […]
The Romanian Air Force will soon be able to carry out air defense missions for national and allied airspace with three F-16-equipped squadrons stationed across three air bases, defense minister Angel Tîlvăr said. He made the statement at a ceremony at Câmpia Turzii, marking the completion of the F-16 Fighting Falcon aircraft acquisition for the […]
Pro-Russian candidate Călin Georgescu, who is now seeking the support of the Trump administration to run for president of Romania, said Donald Trump "is not what he used to be" and called vice-president JD Vance “a virus” in a podcast from July 2024, Digi24 reported. Georgescu, who was virtually unknown...
The sixth edition of Urban Blues Fest will take place at The Pub Trocadero in Bucharest next month, from April 4 to April 6. This year’s festival promises three nights of blues performances that celebrate both tradition and modernity. The festival kicks off on April 4 with Sentimental Journey, featuring Robert Cristian Zsugya, aka Southernman […]
Graffiti Plus (GRF+), one of Romania’s leading communication consultancy agencies for brands and businesses, announced its intention to debut on the Bucharest Stock Exchange in 2025, a first for a local company in this sector. The company is one of the most awarded agencies in the region. In 2024, it had the highest number of […]
