EnglishOn November 24th, the shareholders of Prefab Bucureşti will review the proposal of the Board of Directors to take on bank loans of up to 20 million Euros to support its output this year, as well as its investment program for the 2011-2012 period. The lawns would be pledged using several assets, if the shareholders agree to the plan.
At the end of September, Prefab Bucharest took on a loan from BRD for investing five million Euros investment in a cogeneration plant, which would be delivered by Japanese group Kawasaki at the plant of Călăraşi.
In the first quarter, the company"s profit fell over six times, from 3.15 million lei to 487,000 lei.
The company is controlled by the Chairman of the Board, Marian Petre Miluţ, who owns 81% of the shares through Romerica Internaţional of Bucharest. The shareholder structure also includes SIF Muntenia (SIF4), which owns almost 13% of the shares.
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