“The general overhaul announced in a report of January 4, initially estimated to last several weeks, is officially over and the production activity of both factories unfolds in normal parameters”, according to Romcab representatives.
Romcab Targu-Mures, which entered insolvency at its own request at the beginning of 2017, returned to trading on the Bucharest Stock Exchange on March 4, 2021, against the backdrop of confirming its reorganization plan submitted and undertaken by the special administrator.
At the end of last week, Romcab said its majority shareholder Sadalbari had paid off all debts assumed under the payment program of its reorganization plan.
The plan was approved by the Assembly of Creditors held on August 10, 2021 and confirmed by a syndic judge on October 15, 2021.
Romcab is one of the most active producers of low-tension power cables, boasting an experience of over 70 years and sales in Central, Eastern and Western Europe, on the markets in Germany, Austria, Italy, Hungary, the Czech Republic, Slovakia, Bulgaria, Romania.
The company is 70.5% owned by Targu Mures-based Sadalbari SRL
In 2021, MCAB shares traded up 437% amid deals worth RON25 million, in line with stock market data.