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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 andrei@romania-insider.com. 

 

 

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Romanian holding ROCA Industry pays EUR 14 mln for steel wire products plant

ROCA Industry (BVB: ROC1), a holding company set up by ROCA Investments that brings together Romanian companies producing construction materials, announced that it had sealed an agreement to take over the 100% stake in the wire products manufacturer Dial, from the company’s founder Vasile Rosu.

The price agreed was set at EUR 14 mln. The purchase price is to be paid in part at the completion of the transaction, which is currently subject to the approval of the Competition Council. The rest of the money shall be paid in the first quarter of 2023 at the latest.

Dial specializes in fence edging panels, wicker fence mesh, Rabitz mesh, rectangular poles and other products.

It plans to invest some RON 40 mln (EUR 8 mln) this year. These plans cover the completion of a new production hall in Q2 2022, the increase in production capacity and also the development of new business lines.

In 2021, the company reported a turnover of EUR 12 mln.

Roca Industry was listed on January 27, 2022 on the AeRO segment from BVB. The holding raised RON 45 mln (EUR 9 mln) under a private placement before that.

(Photo: Liliia Yemelianova | Dreamstime.com)

andrei@romania-insider.com

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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 andrei@romania-insider.com. 

 

 

The Capital Markets News section is powered by the Bucharest Stock Exchange 

 

BSE

 

 

Romanian holding ROCA Industry pays EUR 14 mln for steel wire products plant

ROCA Industry (BVB: ROC1), a holding company set up by ROCA Investments that brings together Romanian companies producing construction materials, announced that it had sealed an agreement to take over the 100% stake in the wire products manufacturer Dial, from the company’s founder Vasile Rosu.

The price agreed was set at EUR 14 mln. The purchase price is to be paid in part at the completion of the transaction, which is currently subject to the approval of the Competition Council. The rest of the money shall be paid in the first quarter of 2023 at the latest.

Dial specializes in fence edging panels, wicker fence mesh, Rabitz mesh, rectangular poles and other products.

It plans to invest some RON 40 mln (EUR 8 mln) this year. These plans cover the completion of a new production hall in Q2 2022, the increase in production capacity and also the development of new business lines.

In 2021, the company reported a turnover of EUR 12 mln.

Roca Industry was listed on January 27, 2022 on the AeRO segment from BVB. The holding raised RON 45 mln (EUR 9 mln) under a private placement before that.

(Photo: Liliia Yemelianova | Dreamstime.com)

andrei@romania-insider.com

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