The funds will be used to refinance the loans taken out by Chimcomplex several years ago from foreign banks. for its working capital and investments.
Chimcomplex is held by Romanian entrepreneur Stefan Vuza who contracted foreign loans from VTB Bank Europe and Argentum Netherlands/Credit Suisse International when it acquired chemical plant Oltchim Ramnicul Valcea.
Chimcomplex shares have grown sixfold in 2021 due to very good financial results which also enabled the early repayment of some loans.
Chimcomplex shares have increased by 3.39% on Friday (August 27), trading at RON12.2 per share, ensuring the company a stock market capitalization of RON2.952 billion.
Stefan Vuza, through his investment company, owns 85.3% of the share capital of Chimcomplex, and the Romanian State holds an 8.9% stake.