EnglishBrasov-based bearings manufacturer Rulmentul could split into three or more companies if shareholders endorse this motion in the meeting set for March 22nd. The matter was discussed before, on January 19th, but the shareholders decided to postpone the topic for the following meeting. Another matter pending a decision is whether to split the face value of the shares from 0.22 RON to 0.1 RON. The Board also intends to increase capital from 32,918,580.42 RON to 65,837,160.84 RON. In keeping with a Government emergency ordinance issued February 7th, Rulmentul has six months to privatize, reorganize or liquidate. The company concluded last year with 40.56 million RON in losses and revenues of 123.6 million RON, down by 8.7% yoy. The main shareholder is AVAS with 50.90%.
Rulmentul - Brasov Could Split Into Three
F.A.
Ziarul BURSA #English Section / 20 februarie 2007
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