Business activity Dinu Patriciu

1 business activity

1.1 real estate
1.2 rompetrol
1.3 other companies

business activity
real estate

in 1990, founded first private company in romania, alpha , having architecture , constructions activities. following year, patriciu s company began buying land in northern district of bucharest in order build apartment complex. couple of octogenarians refused sell, before reaching agreement. short time after this, old man died , wife disappeared, police being informed of disappearance business associate of patriciu. not long after, house demolished , land taken over. accused press of involvement in murder, patriciu denied involvement , claimed death delayed project.

in 2007, bought fabian romania property fund, british real estate investment fund in romania. of 2012, dinu patriciu global properties company owned real estate (office , commercial buildings) worth estimated $1 billion in germany , romania, 25 residential projects in united arab emirates. previously, in 2011, liquidated worth €110 million portofolio of swedish property, properties in paris , hague.

rompetrol

in 1998, bought romanian government oil company rompetrol. year later, company took on vega ploiești oil refinery. in same year, headquarters of company moved netherlands. in 2000, rompetrol took on petros, romania s oil services company @ time, renaming rompetrol services. in 2001, petromidia năvodari, largest refinery in romania sold rompetrol $50 million.

the 570 million € debt of rompetrol romanian state converted in 2003 bonds adrian năstase government. in 2014, victor ponta government erased debt.

dinu patriciu sold 75% of shares of rompetrol kazakhstan s kazmunaygas $2.7 billion in 2007, becoming richest romanian.

other companies

patriciu bought adevărul newspaper in 2006 , increased holding s portfolio include click! tabloid, local edition of forbes, ok! , foreign policy, cultural magazine dilema veche, women s magazine tango , science popularization magazine Știință și tehnică. in 2012, sold adevărul holding cristian burci.

together former georgian prime-minister lado gurgenidze, patriciu bought liberty bank (formerly people s bank ).

patriciu attempted build convenience store chain named mic.ro, ended in bankruptcy, on 45 million € debts banks in addition large debts suppliers. according coface romania, development done using credit suppliers , banks, no funding investors.