The first item on the agenda is about buying two pieces of equipment for the poultry farming site in Mihailesti, Giurgiu, for EUR3.8 million. To buy them, the company is seeking a term loan facility of up to RON3.25 million.
Then there is another loan facility of up to EUR850,000 and another one of EUR1 milion to be used for building a warehouse on the FNC Isalnita site in Dolj County. Fifth item on the agenda is approval to increase an overdraft facility from a commercial bank by RON11 million, i.e. from RON4 million to RON15 million.
The purpose of the operation is to refinance some existing loan facilities and fund the day to day to operations, extend validity, keep/ set up guarantees on the building on the Mihailesti poultry farming site arising from the loan facility, the company said in a notification about the modified meeting agenda.
(English version by Loredana Fratila-Cristescu)