Chimpex Constanţa wants to take out loans worth six million Euros

Ovidiu VRÂNCEANU (Tradus de Cosmin Ghidoveanu)
Ziarul BURSA #English Section / 28 mai 2010

Shareholders of Chimpex Constanţa, port operator, have empowered the Board of Directors of the Company to borrow up to EUR 6 million to support the company"s investment budget for 2010.

According to a press release by the company, this is the maximum amount that Chimpex would need to finalize its investment plan and if the company and the company will only borrow the amounts needed to perform the investments it won"t be able to finance from its own resources.

The company is owned by the Azomureş chemical plant which holds 88.54%, which is in turn controlled by several Turkish investors.

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