Cyprus-based Olvia Investments eyes liquid products terminal in Constanța port
<p>Olvia Investments, a Cyprus-registered real estate investment company within the Island Oil Holdings group, is seeking to acquire Green Port Operator, a port logistics firm in Constanța, with plans to build a liquid products terminal in the Black Sea port, <a href="https://www.news.ro/economic/consiliul-concurentei-analizeaza-tranzactia-olvia-investments-ltd-vrea-preia-green-port-operator-companie-proiect-intermediul-careia-intentioneaza-realizarea-unui-terminal-produse-lichide-portul-1922404511002025081322127997" rel="noopener" target="_blank">News.ro</a> reported. The Romanian Competition Council is currently reviewing the proposed transaction.</p>

<p>Olvia Investments is primarily engaged in the supply and marketing of marine fuels. Its targeted acquisition, Green Port Operator, is owned by former footballer and ex-president of the Farul Constanța football club, Petrică Buduru. The company is classified as having a high insolvency risk and medium commercial risk, with insignificant turnover but deep losses and EUR 1.3 million in debts.</p>

<p>Buduru was among seven individuals detained for 24 hours by Romania’s National Anticorruption Directorate (DNA) in connection with a EUR 6 million bribery case in the Port of Constanța. Prosecutors allege he sought permits, approvals, and land-related documents for a processing station and bitumen terminal in the Dana 97 area, offering cash and luxury perfumes in exchange.</p>

<p>The other detainees were identified as Cătălin Crețu, Jean-Paul Tucan, Munur Aktimur, Cătălin Viorel Cristea, Vasile Costea, and Daniel Liliac, according to Mediafax cited by Libertatea.</p>

<p>The proposed acquisition would give Olvia Investments a strategic foothold in Romania’s largest port, a key energy and logistics hub for the Black Sea region.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: <a href="https://www.dreamstime.com/">Dynamoland/Dreamstime.com</a>)</em></p>