How a former business journalist sold a 64m-euro business - Azi

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Former banker Doru Lionachescu and his associates have sold 51% of Capital Partners, the largest local investment brokerage firm, for 32 million euros to Greek-based Piraeus Bank.

The deal also includes a subsequent option to purchase the rest of the shares in the coming 5 years depending on the financial results. This is the biggest increase in the value of a company in Romania, from zero to 64 million euros in just four years. Doru Lionachescu, 43, was one of the pioneers of Romanian business...

Read the whole story in: Ziarul Financiar