Chimcomplex aims to secure up to €60 million in fresh funding

Business Forum
Romanian chemical producer Chimcomplex will propose to its shareholders to approve the contracting of new loans with a combined value up to €60 million, in the next meeting scheduled for April 11.

The fresh funds could be drawn from both banking and non-banking sources. At the same time, shareholders will be asked to approve a new disposal program on non-core assets with an estimated value of €20 million.

The group with industrial platforms in Onești and Râmnicu Vâlcea is 85% controlled by CRC Alchemy Holding, while the Romanian state holds 9% of the capital.

Chimcomplex shares were down close to 2% to RON 10 on Monday evening trading on the Bucharest Stock Exchange (BVB).

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