Part of the money will be used to finance Altur’s operations, the company said after a shareholder meeting.
Altur reported a net profit of RON1.3 million in the first quarter, up from RON0.3 million in the year-earlier period. Total sales fell 12% year-on-year to RON28.7 million.
Romanian businessman Catalin Chelu owns indirectly, through Mecanica Rotes (METY.RO) and Celule Electrice (CLEL.RO), around 43% of Altur’s shares. (EUR1=RON4.4369)