The delivery deadline is October 30, 2024.
The two companies sealed five other similar contracts over the course of 2023, as follows: a contract of EUR1.5 million in October, a EUR3 million contract in June, two contracts of EUR2.4 million each in March and April, and a EUR2.4 million contract in November.
Santierul Naval Orsova is 50%-owned by Transilvania Investments Alliance and 41.2% by SIF Muntenia. SNO shares have gained 31.5% so far in 2024, amid deals worth RON1.3 million, ensuring a market value of RON160 million, in line with stock market data.