EnglishPoultry maker Avicola Crevedia, will propose the delisting of the company from the Rasdaq, in its July 23rd General Meeting of Shareholders.
The shareholders of the company have recently approved the taking of two loans with a combined value of 22.7 million lei from BCR, in order to refinance some loans from Credit Europe Bank and to obtain working capital.
The company will also discuss the reduction of the number of members of the Board of Directors, from five to three.
Avicola Crevedia is owned by Agricola Holding, registered in Lebanon, which controls 51.1% of the shares. Other shareholders include an investor called Hassan Al Zameli, (41.88%), and the Authority for State Assets Recovery (AVAS), which holds 1.12% of the shares.
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