“The approval of financing of up to EUR10,000,000 (ten millions euros), necessary for the implementation of a project targeting the urban reconversion of properties owned by Braiconf in Braila. The financing can be contracted through one or several sources, including but not limited to banking institutions, non-banking financial institutions, private investors, investment funds, loans granted by legal entities or individuals, as well as any other local or external financing sources, without restricting access to capital”, the convening note shows.
Shareholders are also expected to vote on the company’s annul financial reports for 2024, the budget of revenue and expenditure and the investment program for 2025.
“Braiconf Plaza represents the most ambitious urban reconversion project in Braila, turning a former industrial site into a modern mixed-use hub. Located in the best area of the town, with opening to three main streets, this project will redefine urban development standards in the region. With a planned total leasable area of 26,294 square meters, Braiconf Plaza will become a benchmark for the commercial, cultural and social life of the town,” the note also reads.
Notably, the site will also include industrial units for textile production, preserving the area’s manufacturing heritage.
At the end of 2024, Braiconf, with a 70-year history, announced that it was relaunching its online store in parallel with the expansion of its portfolio, dedicated until now to men, with products for women and the entire family. All the products are manufactured at the Romania plant. In summer 2024, the company called on the Romanian government to step in to save the country’s textile industry.
Braiconf ended 2024 with revenue of RON18.5 million, down 35% against the RON26 million level reported in 2023. The company switched to RON489,385 loss in 2024 compared with net profit of RON229,362 reported in 2023, and its operating expenses decreased by 33% to RON17.2 million.
Braiconf, valued by investors at RON16.7 million, is 50.8%-owned by Industries Benjamin Bucuresti, 22.5% by Electroarges and 10.6% by Stefan-Alexandru Toderita. BRCR shares have traded 14.5% higher so far in 2025, amid deals worth RON77,000, in line with stock market data.