Dutch group Damen leaves Mangalia shipyard

Netherlands-headquartered Damen group is pulling out of shipyard Mangalia which is located on the Romanian Black Sea coast. The decision came after a discussion between Damen Shipyards Group CEO Arnout Damen and Romania’s Prime Minister Marcel Ciolacu, local media reported. Damen took operational control of the shipyard in 2018 with high expectations for the operation which remained 51% owned by

UAE’s MAG Group’s portfolio in Real Estate projects reaches $11.9bn

Dubai-based multinational conglomerate MAG Group Holding witnessed a notable milestone in its business, as its portfolio of current and under development projects across its different real estate subsidiaries has hit AED 43.7 billion ($11.9 billion). The Group’s subsidiaries include MAG Lifestyle Development, Keturah, Invest Group Overseas (IGO), MBL, Shoumous, Art

European e-grocer Rohlik raises fresh capital to expand in DACH and CEE

Prague-based online grocer Rohlik Group, the first Czech unicorn, announced this summer that it had successfully raised 160 million euros in fresh growth capital. The investment was led by the European Bank for Reconstruction and Development (EBRD), alongside existing investors Sofina, Index Ventures, Quadrille, and TCF Capital and complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up

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