Romania's Competition Council has approved Sameday's acquisition of Cargus. Sameday, which introduced easybox delivery in Romania, announced the regulatory approval as a step toward finalising the transaction.
Romanian package delivery company Sameday, controlled by e-commerce giant eMAG, has announced the purchase of Cargus, the delivery firm owned by MidEuropa Partners.
The service includes door-to-door delivery for parcels up to 31 kg and a transit time of 2-3 business days for Bulgaria and 3-5 for Greece.
The Cargus Mobile App consolidates the company's digital transformation direction by offering users a complete experience and advanced functionalities for parcel management.
Cargus will operate in a new, modern facility, of 3,100 square meters including the warehouse, a Cargus SHIP & GO location and offices.
Romania has achieved a significant victory at the International Centre for Settlement of Investment Disputes (ICSID) in Washington regarding the Bucharest-based Casa Radio project.
Romania's Ministry of Finance is conducting its fourth public offering of Fidelis government bonds this year, running from April 14 to 21 on the BVB. .
Foraj Sonde Videle has announced the acquisition of Raffles Energy, a British holding company that owns two Romanian energy companies active in natural gas and electricity production.
Romanian software company Arobs Transilvania Software has completed the merger by absorption of five subsidiaries - Arobs Development & Engineering, Berg Computers, Nordlogic Software, Infobest Romania, and Centrul de Soft GPS.
Econergy Renewable Energy has secured approximately €31 million in project financing from Kommunalkredit Austria to develop its 60 MW photovoltaic project in southeastern Romania.