EnglishInvestment fund MEI Roemenie & Bulgarije Fonds NV controls 6.54% in Mecanica Rotes, according to a report to Rasdaq. Mecanica Rotes ended 2006 with a profit of 1.5 million RON, down 22% from the past year. Turnover amounted to 6 million RON, a 3.6% increase from 2005.
On February 23rd, shareholders approved a 5.036 million RON increase in share capital, from 8.4 million RON to 13.43 million RON. At the end of the subscription period, the share capital increased by 4.4 million RON, to 12.8 million RON.Mecanica Rotes intends to operate another increase in share capital, by 14 million RON, to 26.87 million RON. The company wil issue 14.08 million shares with a face value of 1 RON.
The company manufactures oxy-gas welding and cutting equipment and has a share capital of 8.4 million RON, divided into shares with a face value of 1 RON. The significant shareholders in Mecanica Rotes are SIF Oltenia SIF5 (23.94%), Catalin Chelu (23.18%), Amirastar Trading SA (20.25%), Ionel Maricel Stan (less than 5%) and MEI Roemenie & Bulgarije Fonds NV (6.54%). The company is listed on tier 1 of Rasdaq as METY.
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