Romanian cable maker Iproeb Bistrita (IPRU.RO) will supply insulated cables and electrical conductors to power distributor Enel Distributie worth around EUR9 million, the cable producer said in a statement Monday.
Iproeb will sign six separate delivery contracts with Enel Distributie, a unit of Italy’s utility Enel.
Iproeb has a share capital of 14.7 million lei (EUR1=RON4.0869), split into 47.5 million shares with a face value of RON0.3.
Company shareholders include Electromontaj with a 33.24% stake and Dutch investment fund MEI Roemenie & Bulgarije with 10.37% of shares.
On the Bucharest bourse Monday, Iproeb closed down 1.74% at RON1.523 a share.