The proposal will be voted at a meeting due July 16-17.

If approved, the operation will entail issuing 3.78 million new shares with a face value of RON2.5.

Car parts provider Sadalbari owns 69% in Romcab, while Citibank Nominee controls a 22.95% stake.

On the Bucharest bourse June 27, Romcab closed flat at RON4 a share. (EUR1=RON4.4496)