The money will be used to “finance the existing bank debt (as defined in the loan contract) in full” and to “finance the fees related to facilities (as defined in the loan contract) in full, as well as to finance the expenses required by the day-to-day operations of the borrowers”, Grup Serban Holding said in a report to the Bucharest Stock Exchange.
Grup Serban Holding posted RON11 million net profit in the first half of 2024, 83% higher than in the year-ago period. Revenue shrank by 2% to RON256.3 million.
(English version by Loredana Fratila-Cristescu)