The measures were approved by Electrocarbon shareholders Monday, the company said in a statement Wednesday.

Local company Vivaio Campina holds a 50.8% stake in Electrocarbon, Metaleuroest controls 21.3% of its shares and Ekomin Titu owns a 20.6% stake.

On Rasdaq market Wednesday, Electrocarbon closed down 0.94%, at RON3.17 a share. (EUR1=RON4.3615)