One in the companies in the portfolio of the State Assets Realization
Authority, the Braila-based rolled goods producer "Laminorul," was acquired
by "Donau Commodities" Bucharest for 17.5 million euros, ACT Media news
agency reports.
"Donau Comodities" was actually the only bidder for "Laminorul," that has
so far been subject to five failed privatization attempts.
Of the 17.5 million euros of the transaction, 220,000 euros represent the
price of the stake, 10 million euros are development investments, 6.5
million euros - working capital and 780,000 euros -environmental
investments.
"Donau Commodities" pledged to keep for a 5-year period the entire
537-strong active staff of "Laminorul" and also take over the company's
debts worth 29.5 million lei (1 euro trades for about 3.6 lei).
source
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