Company shareholders recently approved the loan, which will be guaranteed with a 20,000 square meters plot, two buildings, equipment and the funds held by the company in Raiffeisen accounts.
Another shareholder decision was to validate two managing board decisions from October 2010 and May 2011, on the contracting of an overdraft credit line worth EUR3.8 million from Raiffeisen Bank, with the possibility of issuing a guarantee letter.
The measures were approved by shareholders on September 9, within a general meeting.
Company shareholders include Catalin Chelu with a 43% stake held through Mecanica Rotes (METY.RO) and Celule Electrice (CLEL.RO).
Altur has a share capital of RO82.43 million, divided into 824.3 million shares, facval RON0.1.
Company shares were last traded on September 8, at RON0.0368, down 6.6% on the day. (EUR1=RON4.2657)