The PPC Group from Greece announced on Wednesday the completion of the transaction through which it acquired the shares held by the Enel Group in Romania, successfully concluding its first major expansion on the foreign market, the group informs in a release.The completion of the transaction represents a landmark event for PPC's growth strategy, through the acquisition of a significant portfolio of renewable projects (both completed and under development), but also of electricity distribution and supply operations in Romania.Pursuant to the sale agreement signed on March 9, 2023, PPC paid approximately 1.240 billion euros, equivalent to an enterprise value of approximately 1.9 billion euros (100% of the shares)."PPC's objective is to become a leader on the clean energy market in South-Eastern Europe, with an investment plan focused on renewables. The acquisition of Enel's activities in Romania is the ideal choice both from a geographical point of view and from the point of view of businesses. I want to thank all the teams that contributed to the successful completion of the transaction. Today, we begin the process of growth and transformation in Romania, motivated by the desire to become the most important energy company in the country," said Georgios Stassis, president and CEO of PPC.Enel Romania is a key player on the energy market in Romania, a leader in the field of renewable energy, with a total installed capacity of 600 MW and another 5 GW of projects in various stages of development. For these reasons, the acquisition of Enel Romania aligns with PPC's energy transition strategy, but also with its development plan in Southeast Europe. On the electricity and gas supply market, the company has over 3.1 million customers and 81 stores throughout the country. It is also the operator of the distribution network in 3 regions of the country, including Bucharest, covering approximately one-third of Romania's territory, with over 133,000 km of network, and has already installed over 1.4 million smart meters for residential customers and companies.
More than 2 out of 3 Romanian consumers do not return for a second purchase, according to the new Customer Loyalty Index, a comprehensive analysis based on aggregated data from campaigns and authored by White Image, the oldest email marketing company in Romania. The Index analyzes the post-purchase behavior of Romanian consumers and highlights major […]
Fashion retailer Primark announced major plans to expand its presence in Romania, confirming four new store openings for 2026. This will double its presence in the market and create over 450 new jobs. The announcement arrived at an important moment for the company, which marked three years since the opening of its first Romanian store […]
Romania’s National Road Investment Company (CNIR) awarded on Tuesday, December 16, the contract for the design and construction of the Bacău–Piatra Neamț express road to a Romanian–Bulgarian consortium. The value of the contract is RON 5.17 billion (some EUR 1 billion), excluding VAT, and its signing will take place if no appeals are filed. The […]
Romania will host its first mixed team European Judo Championship in 2027, according to the Romanian Judo Federation. The competition will take place at a key moment in the Olympic cycle, when the points earned will directly influence world rankings and qualification for the Olympic Games, according to FR Judo. The event will...
Radu Miruță, currently Romania’s economy minister, was proposed to lead the Defense Ministry. He will also hold the position of deputy prime minister. In his place, senator Irineu Darău has been proposed to take the helm of the Economy Ministry. The Defense and Economy Ministries are handled by the center-right reformist party Save Romania Union […]
Carrefour Romania has expanded its proximity retail network, reaching 200 Express stores and 191 Market locations nationwide, as part of its strategy to strengthen convenience formats. The retailer announced that the 200th Carrefour Express store will open on December 22. In 2025 alone, Carrefour opened 27 Express stores, including 19 company-operated units and eight franchise […]
