EnglishMenarom - Galati has been auctioned off for 5.6 million EUR, by some 1 million EUR more than the assessed value, to Euro Pec - Galati, an energy distributor and retailer. According to Menarom General Manager Dan Gabriel Cristea, the tender was attended by two companies: the winner and a company from Sibiu.
"Menarom was sold to the company in Galati. Although both of them offered the same price, the decision was based on the duration of the payment. Euro Pec committed to make payment in five days and won," Cristea said.
Menarom has a share capital of 2.5 million RON and debts to the State of some 23.8 million RON. The company has therefore been put on a list of 28 major debtors facing liquidation. Menarom"s 442 employees will be fired by October but, if the new owner decides to maintain the company"s core business, some of the could be hired back.
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
