EnglishInvestors in "Vulcan" Bucharest, a producer of power plant boilers, have approved a public bonds issue, as well as the use of structural funds for an investment of approximately 30 million Euros, intended to increase the company"s output capacity.
The prospectus of the bonds issue is currently awaiting the approval of the Romanian National Securities Commission.
The company expects its business to increase 50% this year, from 80.3 million lei to 120 million lei.
"Vulcan" is held by "Grupul Energetic Tender SA" of Bucharest, which holds 73.24%. Other shareholders hold 26.75% of the company"s capital.
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