Romanian engineering group Simtel Team has announced the acquisition of SMTL Solar Bughea, a company previously owned by Sergiu-Eugen Bazarciuc, one of the key shareholders of Simtel, for RON 32.2 million (€6.5 million)
Romania engineering group Simtel, specialized in the renewable energy field, plans to launch as early as next week its first corporate bond sale.
The Romanian engineering company Simtel Team has announced the signing of a significant contract to finance its photovoltaic project in Giurgiu.
At the group level, Simtel Team S.A. recorded a turnover of RON 273.9 million, GES Furnizare (GES) – RON 64.7 million, Simtel Moldova – RON 8.2 million, and ANT Energy – RON 9.1 million.
Through its new business line, Simtel offers integrated solutions tailored to the specific needs of each client.
Currently, Simtel holds seven photovoltaic park projects which, upon completion, will have a total installed capacity of over 80 MWp and generate an annual output of over 108 GWh.
To execute these projects, the two companies intend to utilize their own financial resources, bank financing, and European funds.
In the first half of 2024 and subsequently, Simtel signed two significant contracts worth €19 million (within a partnership in which Simtel holds 50% of the profits and losses).
Simtel Team announces the signing of three contracts for the energy supply through GES Furnizare SRL (GES), an entity in which Simtel holds a 62% stake.
The Romanian Ministry of Finance successfully raised €4 billion on October 2 in its final and most successful Eurobond issuance of the year.
Tech giant Apple announced a significant expansion of its clean energy projects across Europe, including a long-term agreement to procure power from a 99MW wind farm in Romania.
The Romanian mergers and acquisitions (M&A) market reached €4.2 billion in the first nine months, a 7% decrease from the same period last year.
CEC Bank and the Investment and Development Bank (BID) have signed a landmark agreement to provide individual guarantees for public sector entities in Romania.
Investors in Central Europe are optimistic about the upcoming months, according to the latest Deloitte Central Europe Private Equity (PE) Confidence Survey.