The conversion will be performed in the second part of Cemacom’s share capital hike operation from RON8.2 million to RON16.4 million.
According to the prospect, BCR will own no more than 33% of the capital resulted and will have a similar percent with the main stockholder of Cemacon, Finnish investment fund KJK.
Thus, Cemacom’s debt to BCR will become a stake of 54 million shares with a face value of RON0.1 per unit.
Cemacon’s operating profit EBITDA was RON11 million in 2014, which turned into a RON1.5 million loss due to huge debts.
(English version by Manuela Panescu)