The prime-minister Marcel Ciolacu met on Wednesday at the government headquarters the general manager of the Greek energy company Public Power Corporation (PPC) and Alessio Menegazzo, manager for Sustainability and Institutional Affairs of the subsidiaries in Romania of the Italian group Enel. PPC and Enel are expected to finalise this month the transaction, announced for the first time on the local market by Profit.ro through which the operations in Romania of the Italians have been taken over by the Greeks.The meeting at Victoria Palace was also attended, besides Stassis and Menegazzo by the founder and CEO of the Romanian group specialized in services for the energy industry Adrem, Corneliu Bodea who is also the president of the professional body Centrul Roman al Energiei. As Profit.ro said, the ministry of energy has recently decided through the Energy Holding Management Company (SAPE) where he is the only shareholder and owns minority stakes in Romanian energy suppliers and distributors whose controlling stakes are being sold by Enel to PPC, that the Italians’ transaction with the Greeks can go ahead without Enel SpA first being obliged to make a sale offer to the Romanian state for the majority stakes about to be sold to the largest Greek energy company. Thus, the details of the conclusion of the acquisition process by the Greek group PPC of the Romanian business of the Italian company Enel, announced for the first time on the local market by Profit.ro, have been finalized. The Italians' entire portfolio in Romania will come under Greek control for a price of €1.26 billion. PPC plans to finance the acquisition through a combination of debt and equity, of which €800 million will come from already secured financing available in the form of a €485 million five-year loan from Greek banks and a €315 million bridge loan from international banks.
Delphi Economic Forum, one of Europe’s leading platforms for strategic dialogue and regional cooperation, expands its international presence in 2025 by launching its first-ever edition in Bucharest, on November 18, at the National Museum of Art of Romania. This event will unite key decision-makers from the realms of politics, business, academia, and civil society, at […]
REDPORT, one of the most dynamic local real estate developers, announces the official inauguration of the VITALITY EST showroom. The event also marks the start of construction work on the residential project located near Pantelimon Park and Lake. “I believe in investments that leave lasting value behind, and VITALITY EST is a project driven by […]
Enexus, the swift integrated EPC service provider specializing in rapid execution of medium and large-scale photovoltaic projects with storage capacity (BESS), announces the signing of the contract for the development of the Titu 1 Project—a photovoltaic power plant with an installed capacity of 20 MWp and a 20 MVA transformer station, located in the city […]
International marriage proposals are truly exciting, even more so in a country as rich in romance and history as Romania. One of the most important things you can do is plan ahead! There are several logistics involved in planning the perfect marriage proposal in Romania. Learn more about navigating this labyrinth of logistics, legalities, and […]
BraveX.Aero, a deep-tech startup based in Cluj-Napoca, northwestern Romania, is rapidly expanding its production of long-range fixed-wing industrial drones with the goal of becoming a leading European manufacturer by 2030. Currently, the company produces over 70 drones annually but plans to increase this capacity sevenfold, targeting an output of 500 units per year by 2028. […]
After engaging thousands of visitors at festivals and museum exhibitions, the “I CAN” installations — the creative visual expression of Every Can Counts in Romania — continue their journey. From July 15 to 30, they will be on display in five City Grill Group restaurants across Bucharest: Pescăruș, City Grill Primăverii, Buongiorno.Italian Victoriei, Hanu’ lui […]
