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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

EC clears Kingspan’s takeover of Steel division from Romanian group TeraPlast

The European Commission (EC) approved on January 12 the sale of TeraSteel and Wetterbest, part of Romanian industrial group TeraPlast, to the Irish group Kingspan.

The deal still pends approval by the Serbian Competition Commission, as it involves the TeraSteel division in Serbia.

TeraPlast Group, controlled by Romanian investor Dorel Goia, announced on July 24, 2020, the sale of its Steel division to Kingspan Group.

The deal includes the business lines operated by TeraSteel SA (Romania), TeraSteel DOO (Serbia), and Wetterbest SA (Romania).

The group estimates that it will receive approval for the sale of its Serbian subsidiary in mid-February.

Subsequently, the value of the transaction will be established and paid, TeraPlast said in a report on the Bucharest Stock Exchange (BVB).

Kingspan is already present in Romania with the construction materials manufacturer Joris Ide, which has a factory in Buzias, Timis county, where it produces structures for halls, thermal insulation, sandwich panels, and metal tiles.

(Photo: TeraSteel Facebook Page)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

EC clears Kingspan’s takeover of Steel division from Romanian group TeraPlast

The European Commission (EC) approved on January 12 the sale of TeraSteel and Wetterbest, part of Romanian industrial group TeraPlast, to the Irish group Kingspan.

The deal still pends approval by the Serbian Competition Commission, as it involves the TeraSteel division in Serbia.

TeraPlast Group, controlled by Romanian investor Dorel Goia, announced on July 24, 2020, the sale of its Steel division to Kingspan Group.

The deal includes the business lines operated by TeraSteel SA (Romania), TeraSteel DOO (Serbia), and Wetterbest SA (Romania).

The group estimates that it will receive approval for the sale of its Serbian subsidiary in mid-February.

Subsequently, the value of the transaction will be established and paid, TeraPlast said in a report on the Bucharest Stock Exchange (BVB).

Kingspan is already present in Romania with the construction materials manufacturer Joris Ide, which has a factory in Buzias, Timis county, where it produces structures for halls, thermal insulation, sandwich panels, and metal tiles.

(Photo: TeraSteel Facebook Page)

[email protected]

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