South-African real estate group NEPI, the biggest mall owner in Romania, and the South-African group Rockcastle, which does not have any activity in Romania, recently agreed to merge. They will set up a new company registered in the tax haven
They will set up a new company registered in the tax haven Isle of Man and called NEPI Rockcastle PLC, which could become one of the largest real estate companies in the region.
NEPI had net assets worth EUR 1.76 billion at the end of September. It is listed on the Bucharest Stock Exchange (BVB), as well as on the Johannesburg (JSE) bourse.
Want more such brief stories on Romania, handpicked and synthesized in English by our professional journalists? Try out the Daily or the Weekly Press Reviews for free for one week with any of the subscription packages.