Ahold Delhaize Announces Leadership Changes at Profi România
Ahold Delhaize has confirmed that starting July 1, 2025, Mihai Spulber, currently serving as Senior Vice President of Operations and Supply Chain at Mega Image, will assume the role of CEO at Profi România. This transition follows the announcement that Gaetan Pacton, the current CEO, will step down after 13 years of service marked by […]
MidEuropa Completes EUR 1.3 Billion Profi Sale, Romania’s Largest Private Equity Deal
MidEuropa Partners has successfully completed the sale of Profi Rom Food to Ahold Delhaize for EUR 1.3 billion, marking the largest private equity deal in Romania’s history. Profi, a leading grocery retailer in Romania, operates over 1,750 stores and employs more than 28,000 people across the country. The deal, signed in October 2023 and finalized […]
CITIES OF TOMORROW 2024: A Transformative Event in Oradea
This year, the CITIES OF TOMORROW 2024 event marked a significant milestone by taking place outside Bucharest for the first time, choosing Oradea as its dynamic and welcoming host. With over 140 participants, the event featured nine online roundtables, a dedicated conference day, and project and company site visits. These key components contributed to the […]
Saint-Gobain Strengthens European Presence with Strategic Moves Worth Over €160 Million
Saint-Gobain has undertaken three major strategic transactions across Europe, further solidifying its competitive position in the region. These moves, in line with the Group’s “Grow & Impact” strategy, aim to optimize and diversify its portfolio while fostering sustainable growth in the construction industry. Acquisition of Kilwaughter in the UK and Ireland The Group has acquired […]
Otokar Wins €857 Million Contract for COBRA II Tactical Vehicles in Romania
Global defense manufacturer Otokar has secured a €857 million (4.26 billion RON) contract to deliver 1,059 COBRA II 4×4 armored tactical vehicles to Romania’s Ministry of Defense. Signed in partnership with ROMTEHNICA, acting on behalf of the ministry, the agreement marks a significant step in enhancing Romania’s defense capabilities. Under the multiannual contract, the first […]
OMV Petrom Partners with NewMed Energy for Han Asparuh Offshore Exploration
OMV Petrom, the leading integrated energy producer in Southeast Europe, has entered a strategic partnership with NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, to advance exploration in the Han Asparuh offshore block in Bulgaria. Under the agreement, OMV Petrom will transfer 50% of its interest in the block to NewMed Energy, while retaining […]
eMAG Records 220 Million Lei in Orders in 30 Minutes on Black Friday 2024
The 14th edition of eMAG’s Black Friday event saw unprecedented demand, with customers placing orders totaling 220 million lei within the first 30 minutes—a 22% increase over last year. Beginning at 7:15 am, the shopping frenzy led to the sale of 573,000 items at a rate of over 19,000 products per minute. Of these, 34% […]
Intesa Sanpaolo Reports Strong Q3 2024 with €7.2 Billion Net Profit in First Nine Months
Intesa Sanpaolo Group has announced robust financial results for the first nine months of 2024, marking a net profit of €7.2 billion. The bank recorded €2.4 billion in net profit in the third quarter alone, highlighting its sustained financial growth and commitment to shareholder returns. This performance strengthens Intesa Sanpaolo’s position among Europe’s leading banks […]
BCR Achieves Net Profit of RON 2.2 Billion in First Nine Months of 2024
BCR Group reported a net profit of RON 2.2 billion (€446 million) for the first nine months of 2024, marking a 30.6% increase from the same period last year. This growth was driven by a rise in operating income, underpinned by a 9.3% increase in net loans and customer advances to RON 64.2 billion (€12.9 […]
BASF Posts Q3 Sales of €15.7 Billion Amid Core Segment Gains
BASF reported steady sales of €15.7 billion in Q3 2024, matching the figures from the same period last year. The company’s EBITDA before depreciation, amortization, and exceptional charges rose to €1.6 billion, an increase of €77 million year-over-year. This growth stemmed primarily from improved results in BASF’s core segments, including Chemicals, Materials, Industrial Solutions, and […]