“Salrom will be listed on the Bucharest Stock Exchange”, Claudiu Nasui pledged in a Facebook post. “Salrom is a state-owned company we have started to reform this year. The company’s new management has already started procedures to expand the activity on the segment of graphite exploitation. This will allow Romania to reindustrialize itself and be part of the battery production chain. The start of Salrom’s stock market listing procedures was approved on Monday (July 5, ed.n.)”, the minister said.
Nasui also said the stock market listing procedures would last at least one year.
“We also held talks with the European Bank for Reconstruction and Development (EBRD), which will help us throughout the process. Systematically, we shall get state-owned companies out of the 19th century and bring them to the 21st century. Listing procedures will last at least one year and, at the end, we shall have a modern company that will be able to easily fund its investments. Until then, Salrom needs reformation, which was already started by the new management (…)”, the minister concluded.
According to data from Fondul Proprietatea, Salrom reported an operating income of RON300.2 million in 2020, down 36% from 2019, and a net profit of RON11.5 million, down 85% from 2019.