Real estate companies, banks, retailers brought much money to firms owned in Romania
Date: 20-08-2010
Foreign real estate investors brought in the first 6 months most money to the capital of firms owned in Romania, being followed by banks and retail companies, according to data of the National Office of Trade Registrar (ONRC).In the first semester, foreign real estate investors brought 390 million euro to the capital of firms they own in Romania, the highest subscription being made by developer Gran Via Romania with Spanish majority shareholder – 122.8 million euro.Other real estate investors active in the Romanian market in the first 6 months were the Scottish fund DEGI, which brought capital to two firms – DEGI PGV Tower and DEGI Millennium Tower – about 20 million euro and the Austrian fund Europolis, which increased by 10.7 million euro the capital of the office project held in Sema Park complex in Bucharest, while Global Finance brought over 16 million euro to two companies.
As for the banking sector, according to ONRC, main banks subscribed to the capital of subsidiaries in Romania about 380 million euro, GE Garanti Bank having the highest contribution of 137.6 million euro.Important subscriptions were made by Alpha Bank – 71.7 million euro, Volksbank – 39 million euro and Intesa Sanpaolo – 29.7 million euro.
Firms in the retail sector received from mother groups infusions of capital of 50 million euro, the largest in the first 6 months being made in the Real Hypermarket network – 80.5 million euro . Other increases were made by Lidl Romania -32.6 million euro, Hornbach Real Estate -21.5 million euro, Mega Image – 21 million euro and Ikea group – 17.2 million euro.
At the same time, firms in the auto part sector attracted investments of 190 million euro from the mother companies, while insurance and finance service companies got 120 million euro.
At the end of March in Romania there were 169,884 firms with foreign shareholders, and the value of the social capital subscribed at that date was 27.4 billion euro.
