The funds will be used to finance current operations and guarantee the projects developed by the company.
“This is the second transaction of this type to include insurance companies and it is a step towards consolidating a valuable partnership, both for the parties involved and the market in general,” BRD said in a press release Thursday.
Romanian-held Energomontaj is the leading service-provider in power plant maintenance and installation and the only Romanian company authorized to perform decontamination and desulphuring works. The company was involved in all major investments in the Romanian energy sector in the past 50 years.
BRD is the second-largest bank in Romania by assets, with RON45.18 billion at the end of 2014.