The project will be co-financed from European funds.
Comelf’s shareholders also approved taking out a RON16.8 million loan to finance the project.
Comelf has a share capital of RON13.5 million split up into 23.4 million shares with a face value of RON0.58.
The company’s main shareholder is Uzinsider Bucuresti, with a 76.79% stake.
On August 5, Comelf’s shares closed down 1% at RON1.99 in Bucharest. (EUR1=RON4.2784)