Iulian Stanciu acquires 33% stake in Romanian oil drilling company Foraj Sonde Videle.

Iulian Stanciu, founder and president of eMAG, has acquired a 33% stake in the Romanian oil drilling company Foraj Sonde Videle from businessman Sever Raicu. This acquisition enhances Stanciu's presence in Romania's energy sector, where Foraj Sonde Videle has been operational for over 40 years. The deal signals potential growth and collaboration opportunities within the country's oil industry.

October 31, 2024
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