The company did not disclose the banks which granted the loans.

The two medium-term loan contracts were signed on October 14, GDF Suez Energy Romania said in a statement Wednesday.

GDF Suez Energy Romania, former Distrigaz Sud, registered turnover of 2.24 billion lei (EUR0.50 billion) in the first half of 2013, down 5.6% on the year, and 35.6% higher net profit, of RON352.5 million.

GDF Suez Energy Romania has 1.4 million clients in Bucharest and 18 counties. (EUR1=RON4.4503)