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Avangarde Group aiming to take over troubled Romanian developer Nordis
['Romania Insider']
Romania Insider
The investor, the Avangarde Group, is also active on the real estate market and aims to acquire Nordis Mamaia SRL and Nordis Management SRL, the main companies in the group.
“We want to fully capitalize on this business opportunity and the development of the Avangarde Group to the next level.
The announcement comes as the Nordis case, once a prime example of political corruption and corporate greed, fades from public memory.
Seizures on accounts belonging to Nordis owners, Vladimir Ciorbă, Florin Alexandru Poștoacă, legal director Camelia Bîndiu, and the parent company of the group, Nordis Management, were also lifted.
Finally, judges allowed Nordis’ main shareholder, businessman Vladimir Ciorbă, to leave the country.
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