The company’s shareholders will discuss on August 14 the measure regarding the bond issue, which was included on the agenda along with a planned share capital increase and the contracting of a loan of up to EUR35 million, which will be both used to finance the construction of the shopping mall.
The share capital is to be raised by RON46 million, from RON20.8 million to RON66.8 million, through new cash inflows, by issuing 46 million shares, for the purpose of financing the project.
Also, the company plans to contract a loan of EUR35 million, for a period of up to 30 years, from credit institutions in Romania and/or from abroad, in view of financing the shopping center project.
The planned shopping mall, called Veranda Shopping Center, will cover around 25,000 square meters and is to be developed in the Obor Square area.
Pogonaru closed a deal with hypermarket chain Carrefour for a nearly 10,000- sqm space within the future shopping center.
Prodplast Imobiliare announced ever since 2012 that it plans to build a shopping center in the Obor area and in 2013, it set off procedures to put the project in motion.
Prodplast shareholders decided in 2008 to split the plastic items maker into two firms. One of the two companies operates in the real estate sector and owns the lands and buildings in Bucharest, valued at RON206.3 million at that time.
Florin Pogonaru indirect owns Prodplast Imobiliare via several companies.